Radio One (NASDAQ:UONEK) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONEK)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.63 and traded as high as $7.71. Radio One shares last traded at $7.40, with a volume of 2,359 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Radio One Price Performance

The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 6.14. The firm’s fifty day moving average price is $8.53 and its 200 day moving average price is $7.63. The stock has a market cap of $33.30 million, a PE ratio of -0.26 and a beta of 0.38.

Institutional Investors Weigh In On Radio One

Several large investors have recently made changes to their positions in UONEK. Zazove Associates LLC boosted its stake in Radio One by 2.5% during the third quarter. Zazove Associates LLC now owns 5,024,431 shares of the company’s stock valued at $3,621,000 after buying an additional 124,724 shares during the last quarter. Barclays PLC boosted its position in shares of Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Radio One by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after purchasing an additional 2,474 shares in the last quarter. 19.70% of the stock is owned by 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.