Urban One (NASDAQ:UONE) Stock Passes Below 200-Day Moving Average of $6.84

Urban One, Inc. (NASDAQ:UONEGet Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.84 and traded as low as $5.54. Urban One shares last traded at $5.68, with a volume of 36,468 shares changing hands.

Urban One Stock Down 1.2 %

The firm has a market cap of $265.71 million, a PE ratio of 5.98 and a beta of 1.08. The company has a debt-to-equity ratio of 3.03, a quick ratio of 2.84 and a current ratio of 2.84. The company’s 50-day simple moving average is $5.62 and its two-hundred day simple moving average is $6.84.

Urban One (NASDAQ:UONEGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $118.81 million during the quarter. Urban One had a net margin of 10.95% and a return on equity of 20.10%.

Institutional Investors Weigh In On Urban One

Several institutional investors and hedge funds have recently modified their holdings of UONE. State Street Corp purchased a new stake in shares of Urban One in the 2nd quarter worth about $473,000. Boundary Creek Advisors LP bought a new position in shares of Urban One in the 1st quarter worth about $473,000. Dimensional Fund Advisors LP increased its stake in shares of Urban One by 64.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 115,580 shares of the company’s stock worth $722,000 after acquiring an additional 45,379 shares in the last quarter. Northern Trust Corp increased its stake in shares of Urban One by 221.2% in the 2nd quarter. Northern Trust Corp now owns 64,091 shares of the company’s stock worth $350,000 after acquiring an additional 44,138 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of Urban One in the 1st quarter worth about $219,000. 5.82% of the stock is owned by hedge funds and other institutional investors.

About Urban One

(Get Rating)

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.

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