Urban One (NASDAQ:UONE) Shares Cross Below 200-Day Moving Average – What’s Next?

Urban One, Inc. (NASDAQ:UONE)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.97 and traded as low as $1.36. Urban One shares last traded at $1.36, with a volume of 55,873 shares changing hands.

Urban One Stock Down 4.2 %

The company has a market capitalization of $65.86 million, a P/E ratio of -0.63 and a beta of 0.86. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 2.54. The firm has a fifty day simple moving average of $1.77 and a 200-day simple moving average of $1.97.

Urban One (NASDAQ:UONE) last issued 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 positive return on equity of 15.38% and a negative net margin of 22.45%.

Insider Buying and Selling

In related news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the transaction, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at approximately $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 accessible through this link. 32.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors 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.