Urban One (NASDAQ:UONE) Shares Cross Below 200-Day Moving Average of $6.81

Urban One, Inc. (NASDAQ:UONEGet Rating)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.81 and traded as low as $5.52. Urban One shares last traded at $5.57, with a volume of 16,495 shares trading hands.

Urban One Price Performance

The stock has a 50-day moving average price of $5.62 and a 200 day moving average price of $6.81. The company has a debt-to-equity ratio of 3.03, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a market cap of $260.56 million, a price-to-earnings ratio of 5.86 and a beta of 1.06.

Urban One (NASDAQ:UONEGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $118.81 million for the quarter. Urban One had a return on equity of 20.10% and a net margin of 10.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in Urban One by 13.2% in the 1st quarter. Northern Trust Corp now owns 19,953 shares of the company’s stock valued at $125,000 after buying an additional 2,319 shares during the period. Citigroup Inc. grew its holdings in Urban One by 440.3% in the 1st quarter. Citigroup Inc. now owns 5,608 shares of the company’s stock valued at $35,000 after buying an additional 4,570 shares during the period. Simplex Trading LLC purchased a new stake in Urban One in the 1st quarter valued at about $29,000. UBS Group AG purchased a new stake in Urban One in the 2nd quarter valued at about $43,000. Finally, Renaissance Technologies LLC grew its holdings in Urban One by 19.1% in the 1st quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock valued at $383,000 after buying an additional 9,800 shares during the period. Institutional investors and hedge funds own 5.82% of the company’s stock.

Urban One Company Profile

(Get Rating)

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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