Urban One (NASDAQ:UONE) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Urban One, Inc. (NASDAQ:UONE) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.84 and traded as low as $1.64. Urban One shares last traded at $1.68, with a volume of 16,320 shares.

Urban One Trading Down 1.2 %

The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The firm’s 50 day moving average is $1.50 and its 200 day moving average is $1.84. The company has a market capitalization of $79.51 million, a PE ratio of -0.98 and a beta of 0.95.

Urban One (NASDAQ:UONE) last issued its earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The company had revenue of $110.39 million for the quarter.

Insider Buying and Selling at Urban One

In other Urban One news, CFO Peter Thompson sold 100,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total transaction of $107,000.00. Following the transaction, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. The trade was a 31.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Kantor sold 350,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 659,210 shares of company stock valued at $705,855. 32.61% of the stock is currently owned by company insiders.

Institutional Trading of Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC grew its holdings in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 9,764 shares during the period. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 as of its most recent SEC filing. 8.23% of the stock is currently owned by institutional investors and hedge funds.

Urban One Company Profile

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.