Radio One (NASDAQ:UONE) Shares Cross Below 200 Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.02 and traded as low as $5.42. Radio One shares last traded at $5.62, with a volume of 81,407 shares traded.

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, Based on data from MarketBeat, the company has an average rating of “Sell”.

Radio One Stock Performance

The stock’s 50-day moving average price is $10.70 and its 200 day moving average price is $12.02. 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 cap of $25.29 million, a P/E ratio of -0.17 and a beta of 0.57.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC grew its stake in Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the period. Geode Capital Management LLC owned about 1.97% of Radio One worth $91,000 as of its most recent SEC filing. Institutional investors own 8.23% of the company’s stock.

Radio One Company Profile

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.