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

Urban One, Inc. (NASDAQ:UONE) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.54 and traded as low as $1.38. Urban One shares last traded at $1.43, with a volume of 9,442 shares.

Urban One Trading Down 3.2 %

The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market cap of $67.73 million, a price-to-earnings ratio of -0.83 and a beta of 0.95. The firm’s fifty day moving average is $1.41 and its 200-day moving average is $1.54.

Insider Activity

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.61% of the stock is currently owned by company insiders.

Institutional Trading of Urban One

Large investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Urban One by 31.7% in the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after purchasing an additional 9,509 shares in the last quarter. Barclays PLC raised its holdings in Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after buying an additional 70,267 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after acquiring an additional 7,923 shares in the last quarter. 8.23% of the stock is currently owned by institutional investors and hedge funds.

About Urban One

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.