Radio One (NASDAQ:UONE) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Radio One, Inc. (NASDAQ:UONE)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.50 and traded as low as $1.45. Radio One shares last traded at $1.45, with a volume of 68,501 shares changing hands.

Radio One Price Performance

The business has a 50-day moving average price of $1.59 and a 200 day moving average price of $1.50. The company has a market cap of $66.22 million, a price-to-earnings ratio of -0.55 and a beta of 0.53. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 3.46.

Radio One (NASDAQ:UONE) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter. Radio One had a positive return on equity of 13.51% and a negative net margin of 28.49%. The company had revenue of $92.24 million during the quarter.

Institutional Investors Weigh In On Radio One

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in Radio One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after acquiring an additional 7,923 shares during the period. Barclays PLC boosted its holdings in Radio One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after acquiring an additional 70,267 shares during the period. Finally, Northern Trust Corp boosted its holdings in Radio One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after acquiring an additional 9,509 shares during the period. 8.23% of the stock is currently owned by institutional investors.

Radio 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.