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

Radio One, Inc. (NASDAQ:UONE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.89 and traded as low as $5.73. Radio One shares last traded at $5.74, with a volume of 29,898 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Radio One Price Performance

The company has a debt-to-equity ratio of 17.92, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $25.94 million, a PE ratio of -0.19 and a beta of 0.81. The firm has a 50-day simple moving average of $6.11 and a 200 day simple moving average of $8.89.

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

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC lifted its stake in Radio One, Inc. (NASDAQ:UONE) by 3.9% in the 4th quarter, according to the company in 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 quarter. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 8.23% of the company’s stock.

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.