Radio One (NASDAQ:UONE) Stock Passes Below 200 Day Moving Average – What’s Next?

Radio One, Inc. (NASDAQ:UONE)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.62 and traded as low as $5.45. Radio One shares last traded at $5.46, with a volume of 24,366 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Radio One Stock Down 3.0%

The company has a debt-to-equity ratio of 17.92, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a fifty day moving average price of $6.10 and a two-hundred day moving average price of $8.55. The company has a market cap of $23.05 million, a P/E ratio of -0.16 and a beta of 0.81.

Radio One (NASDAQ:UONE) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.The company had revenue of $77.65 million for the quarter.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Barclays PLC increased its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,410 shares of the company’s stock after buying an additional 8,098 shares during the period. Barclays PLC owned about 1.74% of Radio One worth $81,000 as of its most recent SEC filing. 8.23% of the stock is currently owned by institutional investors and hedge funds.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.