Urban One (NASDAQ:UONE) Shares Pass Below 200 Day Moving Average – Here’s Why

Urban One, Inc. (NASDAQ:UONE) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.45 and traded as low as $1.32. Urban One shares last traded at $1.40, with a volume of 23,760 shares.

Urban One Stock Performance

The firm has a fifty day moving average price of $1.38 and a 200 day moving average price of $1.45. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The firm has a market cap of $67.07 million, a PE ratio of -0.82 and a beta of 0.46.

Urban One (NASDAQ:UONE) last posted its earnings results on Thursday, March 27th. The company reported ($0.78) earnings per share for the quarter. The firm had revenue of $117.13 million during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Institutional Investors Weigh In On Urban One

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UONE. Northern Trust Corp grew its holdings in shares of Urban One by 31.7% during the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after purchasing an additional 9,509 shares during the period. Barclays PLC boosted its stake in Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after buying an additional 70,267 shares during the period. Finally, Millennium Management LLC increased its position in shares of Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after acquiring an additional 7,923 shares during the last quarter. 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.