Urban One (NASDAQ:UONE) Stock Passes Above Two Hundred Day Moving Average of $5.77

Urban One, Inc. (NASDAQ:UONE – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.77 and traded as high as $7.49. Urban One shares last traded at $7.38, with a volume of 43,561 shares traded.

Urban One Trading Up 2.9 %

The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 2.87. The firm has a market cap of $357.04 million, a P/E ratio of 9.46 and a beta of 1.31. The company’s 50 day simple moving average is $6.48 and its 200-day simple moving average is $5.77.

Institutional Trading of Urban One

Several institutional investors and hedge funds have recently modified their holdings of UONE. Zazove Associates LLC bought a new stake in shares of Urban One during the third quarter valued at approximately $3,100,000. Dimensional Fund Advisors LP raised its stake in shares of Urban One by 65.9% during the third quarter. Dimensional Fund Advisors LP now owns 300,148 shares of the company’s stock valued at $1,588,000 after acquiring an additional 119,277 shares in the last quarter. Boundary Creek Advisors LP bought a new stake in shares of Urban One during the fourth quarter valued at approximately $497,000. State Street Corp bought a new stake in shares of Urban One during the second quarter valued at approximately $473,000. Finally, Northern Trust Corp raised its stake in shares of Urban One by 221.2% during the second quarter. Northern Trust Corp now owns 64,091 shares of the company’s stock valued at $350,000 after acquiring an additional 44,138 shares in the last quarter. Institutional investors own 6.46% of the company’s stock.

About Urban One

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Urban One, Inc is a multi-media company engaged in radio broadcasting that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations.