Radio One (NASDAQ:UONEK) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Radio One, Inc. (NASDAQ:UONEK)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.44 and traded as high as $8.43. Radio One shares last traded at $7.98, with a volume of 10,444 shares traded.

Analysts Set New Price Targets

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

Radio One Trading Down 4.8%

The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14. The stock has a market capitalization of $35.91 million, a PE ratio of -0.28 and a beta of 0.30. The stock has a 50 day moving average price of $8.61 and a 200-day moving average price of $7.44.

Radio One (NASDAQ:UONEK) last posted its earnings results on Tuesday, November 4th. The company reported ($0.60) 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

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC raised its holdings in shares of Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

About Radio One

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.