Radio One (NASDAQ:UONE) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONE) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.42 and traded as low as $6.29. Radio One shares last traded at $6.59, with a volume of 49,176 shares trading hands.

Radio One Stock Up 5.8%

The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92. The stock has a market capitalization of $29.79 million, a P/E ratio of -0.21 and a beta of 0.71. The stock’s 50 day simple moving average is $6.12 and its 200 day simple moving average is $9.42.

Radio One (NASDAQ:UONE) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) EPS for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%. The company had revenue of $77.65 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC lifted its holdings in Radio One, Inc. (NASDAQ:UONE) by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 88,564 shares of the company’s stock after buying an additional 3,294 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Radio One worth $91,000 as of its most recent filing with the SEC. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

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.