Radio One (NASDAQ:UONEK) Shares Cross Above 200 Day Moving Average – Time to Sell?

Radio One, Inc. (NASDAQ:UONEK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.74 and traded as high as $0.92. Radio One shares last traded at $0.8110, with a volume of 29,174 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Radio One Stock Down 7.3%

The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.59 and a current ratio of 2.59. The stock has a market capitalization of $36.45 million, a price-to-earnings ratio of -0.29 and a beta of 0.30. The business has a 50-day moving average of $0.82 and a 200-day moving average of $0.74.

Radio One shares are set to reverse split on Friday, January 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 22nd.

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

Institutional Trading of Radio One

An institutional investor recently raised its position in Radio One stock. Zazove Associates LLC increased its holdings in shares of Radio One, Inc. (NASDAQ:UONEK) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,024,431 shares of the company’s stock after buying an additional 124,724 shares during the period. Zazove Associates LLC owned about 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.