Radio One (NASDAQ:UONE) Share Price Passes Below 200-Day Moving Average – Here’s Why

by · The Markets Daily

Radio One, Inc. (NASDAQ:UONE – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.47 and traded as low as $1.11. Radio One shares last traded at $1.17, with a volume of 16,848 shares changing hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Radio One

Radio One Price Performance

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 company has a 50 day moving average of $1.23 and a 200-day moving average of $1.47. The firm has a market capitalization of $52.59 million, a P/E ratio of -0.41 and a beta of 0.31.

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

About Radio One

(Get Free Report)

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.

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