Radio One (NASDAQ:UONE) Stock Crosses Below Two Hundred 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 $10.28 and traded as low as $5.34. Radio One shares last traded at $7.31, with a volume of 4,209,648 shares changing hands.

Radio One Stock Up 39.2%

The company has a market capitalization of $32.97 million, a PE ratio of -0.22 and a beta of 0.71. The company has a debt-to-equity ratio of 17.47, a current ratio of 2.10 and a quick ratio of 2.10. The company has a 50-day moving average of $7.38 and a two-hundred day moving average of $10.28.

Hedge Funds Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC boosted its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter. Hedge funds and other 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.