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

Urban One, Inc. (NASDAQ:UONE) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.10 and traded as low as $1.63. Urban One shares last traded at $1.64, with a volume of 77,041 shares traded.

Urban One Price Performance

The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77. The stock has a market capitalization of $77.97 million, a P/E ratio of 9.47 and a beta of 0.87. The stock has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $2.09.

Urban One (NASDAQ:UONE) last released its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%. The business had revenue of $117.74 million for the quarter.

Insider Buying and Selling at Urban One

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total transaction of $246,000.00. Following the sale, the chief financial officer now owns 320,642 shares of the company’s stock, valued at $394,389.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 29.54% of the company’s stock.

Institutional Investors Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Urban One, Inc. (NASDAQ:UONE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by institutional investors and hedge funds.

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.