Urban One (NASDAQ:UONE) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Urban One, Inc. (NASDAQ:UONE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.93 and traded as low as $1.41. Urban One shares last traded at $1.55, with a volume of 52,477 shares changing hands.

Urban One Trading Up 6.9 %

The firm has a market cap of $75.07 million, a price-to-earnings ratio of -0.72 and a beta of 0.92. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.77 and a quick ratio of 2.76. The business has a 50-day moving average of $1.68 and a 200-day moving average of $1.93.

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

Insider Buying and Selling

In other news, CFO Peter Thompson sold 200,000 shares of Urban One 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 completion of the transaction, the chief financial officer now owns 320,642 shares of the company’s stock, valued at $394,389.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 32.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 8.23% of the company’s stock.

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.