Urban One (NASDAQ:UONE) Stock Price Passes Below 200 Day Moving Average of $3.74

Urban One, Inc. (NASDAQ:UONE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.74 and traded as low as $1.95. Urban One shares last traded at $2.06, with a volume of 57,735 shares traded.

Urban One Stock Performance

The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.73 and a current ratio of 3.73. The stock has a market cap of $100.78 million, a P/E ratio of 9.81 and a beta of 0.91. The firm’s 50 day moving average is $2.59 and its 200 day moving average is $3.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Urban One, Inc. (NASDAQ:UONE) by 3,371.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,886 shares of the company’s stock after purchasing an additional 13,486 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Urban One were worth $70,000 at the end of the most recent reporting period. Institutional investors own 8.23% of the company’s stock.

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.