Radio One (NASDAQ:UONEK) Shares Set to Reverse Split on Friday, January 23rd

Radio One, Inc. (NASDAQ:UONEK) shares are set to reverse split before the market opens 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 Stock Down 7.3%

Shares of NASDAQ:UONEK opened at $0.81 on Monday. The company has a debt-to-equity ratio of 6.14, a current ratio of 2.59 and a quick ratio of 2.59. The stock has a market cap of $36.45 million, a price-to-earnings ratio of -0.29 and a beta of 0.30. The company has a 50 day moving average of $0.82 and a 200-day moving average of $0.74. Radio One has a one year low of $0.44 and a one year high of $1.40.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Radio One

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