Urban One (NASDAQ:UONE) Shares Pass Below Two Hundred Day Moving Average of $5.70

Shares of Urban One, Inc. (NASDAQ:UONE) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.70 and traded as low as $4.27. Urban One shares last traded at $4.44, with a volume of 18,750 shares traded.

Urban One Trading Up 2.5 %

The stock’s 50-day moving average is $5.14 and its 200-day moving average is $5.70. The firm has a market capitalization of $216.94 million, a price-to-earnings ratio of 6.53 and a beta of 1.34.

Hedge Funds Weigh In On Urban One

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Urban One by 1.4% during the 1st quarter. State Street Corp now owns 113,467 shares of the company’s stock worth $857,000 after purchasing an additional 1,524 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Urban One by 48.6% during the first quarter. Deutsche Bank AG now owns 5,077 shares of the company’s stock worth $38,000 after purchasing an additional 1,660 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Urban One by 12.3% during the third quarter. Bank of New York Mellon Corp now owns 19,868 shares of the company’s stock worth $105,000 after purchasing an additional 2,180 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Urban One by 48.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,871 shares of the company’s stock worth $41,000 after purchasing an additional 2,246 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Urban One by 13.2% during the first quarter. Northern Trust Corp now owns 19,953 shares of the company’s stock worth $125,000 after purchasing an additional 2,319 shares during the last quarter. 6.71% of the stock is currently owned by institutional investors and hedge funds.

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