Urban One (NASDAQ:UONE) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Urban One, Inc. (NASDAQ:UONE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.66 and traded as low as $1.37. Urban One shares last traded at $1.40, with a volume of 16,210 shares.

Urban One Trading Up 2.9 %

The company has a market capitalization of $67.06 million, a P/E ratio of -0.82 and a beta of 0.99. The company’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.66. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91.

Urban One (NASDAQ:UONE) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The business had revenue of $110.39 million for the quarter.

Insider Buying and Selling

In other news, CEO David M. Kantor sold 350,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total value of $343,000.00. Following the transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This represents a 97.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the sale, the chief accounting officer now directly owns 41,278 shares of the company’s stock, valued at $41,690.78. This trade represents a 54.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 579,560 shares of company stock worth $579,298 in the last ninety days. 32.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Barclays PLC increased its holdings in shares of Urban One, Inc. (NASDAQ:UONE) by 501,907.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,281 shares of the company’s stock after buying an additional 70,267 shares during the period. Barclays PLC owned about 0.15% of Urban One worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 8.23% of the company’s stock.

Urban One Company Profile

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.