Urban One (NASDAQ:UONE) Share Price Crosses Below Two Hundred Day Moving Average of $3.55

Urban One, Inc. (NASDAQ:UONE)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.55 and traded as low as $1.91. Urban One shares last traded at $2.02, with a volume of 94,332 shares changing hands.

Urban One Price Performance

The firm has a market capitalization of $98.82 million, a price-to-earnings ratio of 9.62 and a beta of 1.12. The company’s 50 day moving average is $2.38 and its 200-day moving average is $3.55. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 2.57.

Institutional Investors Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC grew its stake in shares of Urban One, Inc. (NASDAQ:UONE) by 3,371.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,886 shares of the company’s stock after acquiring 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 quarter. Hedge funds and other 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.