Urban One (NASDAQ:UONEK) Issues Earnings Results

Urban One (NASDAQ:UONEK) posted its earnings results on Thursday. The company reported ($0.25) EPS for the quarter, Zacks reports. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%. The business had revenue of $117.13 million for the quarter.

Urban One Trading Up 0.8 %

NASDAQ UONEK opened at $0.74 on Friday. The firm has a market capitalization of $35.26 million, a PE ratio of -0.43 and a beta of 0.59. The business’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.95. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a 12 month low of $0.60 and a 12 month high of $2.07.

Insider Buying and Selling

In other news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 89.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 50.45% of the stock is owned by insiders.

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.