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

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 $1.66 and traded as low as $1.37. Urban One shares last traded at $1.40, with a volume of 16,210 shares.

Urban One Stock Performance

The company has a 50-day simple moving average of $1.50 and a two-hundred day simple moving average of $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. The firm has a market capitalization of $67.06 million, a P/E ratio of -0.82 and a beta of 0.99.

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. The company had revenue of $110.39 million for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Insider Activity at Urban One

In other news, CEO David M. Kantor sold 350,000 shares of Urban One stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total value of $343,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares of the company’s stock, valued at approximately $41,690.78. This trade represents a 54.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 579,560 shares of company stock valued at $579,298 in the last three months. Company insiders own 32.61% of the company’s stock.

Institutional Investors Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC boosted its stake in shares of Urban One, Inc. (NASDAQ:UONE) by 501,907.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,281 shares of the company’s stock after acquiring an additional 70,267 shares during the quarter. Barclays PLC owned about 0.15% of Urban One worth $108,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.23% of the company’s stock.

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.