Urban One (NASDAQ:UONE) Posts Earnings Results

Urban One (NASDAQ:UONE) issued its quarterly earnings results on Thursday. The company reported ($0.78) earnings per share (EPS) for the quarter, RTT News reports. The company had revenue of $117.13 million for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Urban One Price Performance

Shares of UONE stock traded down $0.03 during trading hours on Friday, reaching $1.45. 734 shares of the company were exchanged, compared to its average volume of 22,629. 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 company has a market cap of $69.22 million, a price-to-earnings ratio of -0.85 and a beta of 0.95. The stock’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.52. Urban One has a fifty-two week low of $1.23 and a fifty-two week high of $3.33.

Insider Activity at Urban One

In other news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.61% of the stock is currently owned by company insiders.

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.