Urban One (NASDAQ:UONE) Share Price Crosses Below Two Hundred Day Moving Average of $3.74

Shares of Urban One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.74 and traded as low as $1.95. Urban One shares last traded at $2.06, with a volume of 57,735 shares trading hands.

Urban One Trading Up 3.5 %

The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 2.57. The business has a 50 day moving average of $2.55 and a 200-day moving average of $3.70. The stock has a market cap of $100.78 million, a PE ratio of 9.81 and a beta of 0.91.

Institutional Investors Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC boosted its stake in Urban One, Inc. (NASDAQ:UONE) by 3,371.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,886 shares of the company’s stock after buying an additional 13,486 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Urban One were worth $70,000 as of its most recent filing with the SEC. 8.23% of the stock is owned by institutional investors.

About Urban One

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.