Urban One (NASDAQ:UONE) Shares Pass Below 200-Day Moving Average – What’s Next?

Urban One, Inc. (NASDAQ:UONE)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.93 and traded as low as $1.41. Urban One shares last traded at $1.55, with a volume of 52,477 shares trading hands.

Urban One Stock Up 6.9 %

The firm has a market cap of $75.07 million, a P/E ratio of -0.72 and a beta of 0.92. The firm’s 50 day moving average is $1.68 and its two-hundred day moving average is $1.93. The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54.

Urban One (NASDAQ:UONE) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.57 EPS for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%. The business had revenue of $117.74 million during the quarter.

Insider Buying and Selling

In other news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the transaction, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 32.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC raised its holdings in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after acquiring an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned approximately 0.40% of Urban One worth $398,000 at the end of the most recent reporting period. 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.