Urban One (NASDAQ:UONEK) Releases Earnings Results

Urban One (NASDAQ:UONEK) released its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, Zacks reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Urban One Stock Performance

NASDAQ:UONEK traded up $0.01 during mid-day trading on Thursday, hitting $0.71. 15,097 shares of the stock were exchanged, compared to its average volume of 40,237. Urban One has a fifty-two week low of $0.60 and a fifty-two week high of $2.17. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The firm’s 50-day simple moving average is $0.77 and its 200 day simple moving average is $0.96. The stock has a market capitalization of $33.89 million, a price-to-earnings ratio of -0.42 and a beta of 0.59.

Insider Buying and Selling at Urban One

In related news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. The trade was a 89.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 50.45% of the company’s stock.

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.