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

Shares of Radio One, Inc. (NASDAQ:UONE – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.67 and traded as low as $5.56. Radio One shares last traded at $5.94, with a volume of 54,724 shares trading hands.

The stock has a market capitalization of $27.11 million, a P/E ratio of -0.19 and a beta of 0.71. The firm’s fifty day moving average is $6.24 and its 200-day moving average is $9.65. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92.

Radio One (NASDAQ:UONE – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share 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 during the quarter.

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC boosted its position in shares of Radio One, Inc. (NASDAQ:UONE – Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the quarter. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 as of its most recent SEC filing. 8.23% of the stock is currently owned by institutional investors.

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

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