Radio One (NASDAQ:UONEK) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONEK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.71 and traded as high as $0.9659. Radio One shares last traded at $0.9258, with a volume of 6,065 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Radio One presently has a consensus rating of “Sell”.

Radio One Stock Performance

The stock’s 50-day moving average is $0.73 and its 200 day moving average is $0.71. The stock has a market cap of $41.61 million, a price-to-earnings ratio of -0.33 and a beta of 0.25. The company has a debt-to-equity ratio of 6.14, a current ratio of 2.59 and a quick ratio of 2.59.

Radio One (NASDAQ:UONEK) last issued its earnings results on Tuesday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $92.68 million for the quarter. Radio One had a positive return on equity of 1.85% and a negative net margin of 32.55%.

Institutional Investors Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Zazove Associates LLC increased its stake in Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,024,431 shares of the company’s stock after purchasing an additional 124,724 shares during the quarter. Zazove Associates LLC owned 11.07% of Radio One worth $3,621,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 19.70% of the company’s stock.

Radio One Company Profile

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.