Radio One (NASDAQ:UONEK) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Radio One, Inc. (NASDAQ:UONEK – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.68 and traded as high as $0.8699. Radio One shares last traded at $0.8213, with a volume of 22,781 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Radio One in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Research Report on UONEK

Radio One Stock Up 0.7%

The stock’s 50-day moving average price is $0.66 and its 200-day moving average price is $0.68. 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 stock has a market cap of $37.17 million, a price-to-earnings ratio of -0.29 and a beta of 0.67.

Radio One (NASDAQ:UONEK – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $92.68 million for the quarter. Radio One had a positive return on equity of 1.85% and a negative net margin of 32.55%.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC increased its stake in Radio One, Inc. (NASDAQ:UONEK – Free Report) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,702,775 shares of the company’s stock after acquiring an additional 543,798 shares during the quarter. Zazove Associates LLC owned 9.82% of Radio One worth $3,386,000 at the end of the most recent reporting period. Institutional investors own 19.70% of the company’s stock.

About Radio One

(Get Free Report)

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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