Urban One (NASDAQ:UONE) Stock Passes Below 200 Day Moving Average – Here’s Why

Urban One, Inc. (NASDAQ:UONE) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.97 and traded as low as $1.36. Urban One shares last traded at $1.36, with a volume of 55,873 shares trading hands.

Urban One Price Performance

The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $65.86 million, a P/E ratio of -0.63 and a beta of 0.86. The company has a 50 day moving average price of $1.77 and a 200 day moving average price of $1.97.

Urban One (NASDAQ:UONE) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.57 EPS for the quarter. The firm had revenue of $117.74 million during the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

Insider Buying and Selling

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the transaction, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at $394,389.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC raised its holdings in Urban One, Inc. (NASDAQ:UONE) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the company’s stock after purchasing an additional 9,764 shares during the period. Atlas Merchant Capital LLC owned approximately 0.40% of Urban One worth $398,000 at the end of the most recent quarter. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.