Radio One (NASDAQ:UONEK) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONEK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.73 and traded as high as $0.88. Radio One shares last traded at $0.83, with a volume of 21,990 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Radio One presently has an average rating of “Sell”.

Radio One Stock Performance

The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14. The stock has a market cap of $41.71 million, a price-to-earnings ratio of -0.33 and a beta of 0.30. The stock’s 50-day moving average is $0.79 and its 200-day moving average is $0.73.

Radio One (NASDAQ:UONEK) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter. Radio One had a negative net margin of 32.55% and a positive return on equity of 1.85%. The firm had revenue of $92.68 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC raised its holdings in Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,024,431 shares of the company’s stock after purchasing an additional 124,724 shares during the period. Zazove Associates LLC owned approximately 11.07% of Radio One worth $3,621,000 at the end of the most recent quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.

Radio One Company Profile

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.