Radio One (NASDAQ:UONEK) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Radio One, Inc. (NASDAQ:UONEK) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.46 and traded as low as $4.32. Radio One shares last traded at $4.37, with a volume of 3,968 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Radio One Trading Down 8.2%

The stock’s fifty day moving average price is $4.92 and its 200 day moving average price is $6.46. 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 capitalization of $19.74 million, a P/E ratio of -0.14 and a beta of 0.37.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Radio One by 48.9% in 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 in the last quarter. Zazove Associates LLC grew its holdings in Radio One by 1.2% during the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after acquiring an additional 58,732 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Radio One by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after purchasing an additional 2,474 shares during the period. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Radio One Company Profile

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.