Radio One (NASDAQ:UONE) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONE) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.22 and traded as low as $5.77. Radio One shares last traded at $5.78, with a volume of 22,365 shares traded.

Analyst Ratings Changes

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

Radio One Trading Down 6.6%

The company’s 50-day moving average is $9.72 and its 200-day moving average is $11.22. The firm has a market cap of $26.07 million, a price-to-earnings ratio of -0.18 and a beta of 0.82. The company has a debt-to-equity ratio of 17.47, a quick ratio of 2.10 and a current ratio of 2.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC increased its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,564 shares of the company’s stock after buying an additional 3,294 shares during the period. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 at the end of the most recent quarter. 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.