Radio One (NASDAQ:UONEK) Shares to Reverse Split on Friday, January 23rd

Radio One, Inc. (NASDAQ:UONEK)’s stock is set to reverse split on the morning of Friday, January 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, January 22nd.

Radio One Trading Down 7.3%

NASDAQ:UONEK opened at $0.81 on Monday. The business’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.74. The firm has a market capitalization of $36.45 million, a PE ratio of -0.29 and a beta of 0.30. Radio One has a 12 month low of $0.44 and a 12 month high of $1.40. The company has a debt-to-equity ratio of 6.14, a current ratio of 2.59 and a quick ratio of 2.59.

Radio One (NASDAQ:UONEK) last issued its earnings results on Tuesday, November 4th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $92.68 million during the quarter. Radio One had a positive return on equity of 1.85% and a negative net margin of 32.55%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC increased its position in Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,024,431 shares of the company’s stock after purchasing an additional 124,724 shares during the quarter. Zazove Associates LLC owned approximately 11.07% of Radio One worth $3,621,000 as of its most recent SEC filing. Institutional investors own 19.70% of the company’s stock.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.