Radio One (NASDAQ:UONEK) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Radio One, Inc. (NASDAQ:UONEK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.58 and traded as high as $8.46. Radio One shares last traded at $8.01, with a volume of 2,751 shares.

Analysts Set New Price Targets

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

Radio One Trading Down 10.0%

The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.59 and a current ratio of 2.59. The firm has a market capitalization of $36.05 million, a price-to-earnings ratio of -0.28 and a beta of 0.38. The business has a fifty day moving average price of $8.63 and a 200 day moving average price of $7.58.

Institutional Trading of Radio One

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC raised its holdings in shares of Radio One, Inc. (NASDAQ:UONEK) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,629 shares of the company’s stock after buying an additional 2,474 shares during the period. Geode Capital Management LLC owned about 3.53% of Radio One worth $136,000 at the end of the most recent reporting period. 19.70% of the stock is owned by hedge funds and other institutional investors.

Radio One Company Profile

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.