Radio One (NASDAQ:UONE) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.16 and traded as low as $5.70. Radio One shares last traded at $5.88, with a volume of 25,579 shares changing hands.

Radio One Price Performance

The company has a 50 day moving average price of $6.14 and a 200-day moving average price of $9.16. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92. The company has a market cap of $26.58 million, a price-to-earnings ratio of -0.19 and a beta of 0.81.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC raised its position in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Radio One worth $91,000 at the end of the most recent quarter. 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.