Urban One (NASDAQ:UONE) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Urban One, Inc. (NASDAQ:UONE) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.00 and traded as low as $1.35. Urban One shares last traded at $1.36, with a volume of 24,466 shares traded.

Urban One Trading Down 3.2 %

The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. The company has a fifty day moving average of $1.85 and a two-hundred day moving average of $2.00. The stock has a market capitalization of $65.86 million, a price-to-earnings ratio of -0.63 and a beta of 0.86.

Urban One (NASDAQ:UONE) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $117.74 million during the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

Insider Activity

In related news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the completion of the sale, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC boosted its stake in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the company’s stock after purchasing an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 at the end of the most recent quarter. 8.23% of the stock is currently owned by institutional investors and hedge funds.

About Urban One

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.