Radio One (NASDAQ:UONEK) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Radio One, Inc. (NASDAQ:UONEK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.63 and traded as high as $7.71. Radio One shares last traded at $7.40, with a volume of 2,359 shares trading hands.

Wall Street Analysts Forecast Growth

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

Radio One Price Performance

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 firm has a fifty day simple moving average of $8.53 and a 200 day simple moving average of $7.63. The company has a market capitalization of $33.30 million, a PE ratio of -0.26 and a beta of 0.38.

Institutional Trading of Radio One

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after buying an additional 2,474 shares in the last quarter. Barclays PLC lifted its position in Radio One by 48.9% during the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares during the last quarter. Finally, Zazove Associates LLC boosted its stake in Radio One by 2.5% in the third quarter. Zazove Associates LLC now owns 5,024,431 shares of the company’s stock valued at $3,621,000 after acquiring an additional 124,724 shares in the last quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.

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.