Radio One Stock to Reverse Split on Friday, January 23rd (NASDAQ:UONE)

Radio One, Inc. (NASDAQ:UONE)’s stock is scheduled to reverse split on the morning of 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 15.5%

NASDAQ UONE opened at $0.87 on Monday. Radio One has a 52 week low of $0.87 and a 52 week high of $1.90. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 6.14. The company has a market capitalization of $39.11 million, a P/E ratio of -0.31 and a beta of 0.38. The stock’s 50-day moving average price is $1.14 and its 200-day moving average price is $1.39.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.