Radio One (NASDAQ:UONE) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.58 and traded as low as $5.55. Radio One shares last traded at $5.62, with a volume of 27,332 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, Radio One currently has a consensus rating of “Sell”.

Radio One Stock Down 5.7%

The firm has a market cap of $25.35 million, a price-to-earnings ratio of -0.17 and a beta of 0.57. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 17.47. The firm has a fifty day moving average price of $10.25 and a 200-day moving average price of $11.58.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC lifted its position in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,564 shares of the company’s stock after buying an additional 3,294 shares during the period. Geode Capital Management LLC owned approximately 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.

Radio One Company Profile

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.