Insider Selling: Urban One Inc (NASDAQ:UONE) CFO Sells 65,098 Shares of Stock

Urban One Inc (NASDAQ:UONE) CFO Peter Thompson sold 65,098 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $3.35, for a total value of $218,078.30. Following the sale, the chief financial officer now directly owns 319,904 shares of the company’s stock, valued at approximately $1,071,678.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ UONE traded up $1.72 on Tuesday, hitting $19.75. 102,195 shares of the stock traded hands, compared to its average volume of 9,393,065. The stock has a 50-day moving average of $7.75 and a 200 day moving average of $3.24. Urban One Inc has a twelve month low of $0.95 and a twelve month high of $54.16. The company has a market capitalization of $942.65 million, a P/E ratio of -45.93 and a beta of 1.02. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 5.74.

A number of equities research analysts have issued reports on UONE shares. TheStreet raised Urban One from a “d” rating to a “c-” rating in a research report on Tuesday, June 16th. ValuEngine cut Urban One from a “hold” rating to a “sell” rating in a research note on Monday, June 15th.

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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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Insider Buying and Selling by Quarter for Urban One (NASDAQ:UONE)

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