Radio One (NASDAQ:UONE) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Radio One, Inc. (NASDAQ:UONE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.34 and traded as low as $5.35. Radio One shares last traded at $5.39, with a volume of 8,133 shares.

Analysts Set New Price Targets

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

Radio One Trading Up 0.9%

The firm’s 50 day moving average price is $6.05 and its 200-day moving average price is $8.34. 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 stock has a market cap of $24.36 million, a P/E ratio of -0.17 and a beta of 0.82.

Radio One (NASDAQ:UONE) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. The firm 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Radio One stock. Geode Capital Management LLC increased its holdings in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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). 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.