Radio One (NASDAQ:UONE) Stock Price Passes 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 $12.02 and traded as low as $5.42. Radio One shares last traded at $5.62, with a volume of 81,407 shares changing hands.

Wall Street Analyst Weigh In

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

Radio One Stock Down 4.6%

The company has a market capitalization of $25.29 million, a price-to-earnings ratio of -0.17 and a beta of 0.57. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14. The firm’s 50 day simple moving average is $10.70 and its 200-day simple moving average is $12.02.

Hedge Funds Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC lifted its holdings in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the quarter. Geode Capital Management LLC owned about 1.97% of Radio One worth $91,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.23% of the company’s stock.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.