Urban One (NASDAQ:UONE) Shares Cross Below 200-Day Moving Average – Time to Sell?

Urban One, Inc. (NASDAQ:UONE)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.97 and traded as low as $1.36. Urban One shares last traded at $1.36, with a volume of 55,873 shares.

Urban One Trading Down 1.5 %

The firm’s 50 day moving average is $1.74 and its 200 day moving average is $1.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.77 and a quick ratio of 2.76. The company has a market capitalization of $65.38 million, a PE ratio of -0.63 and a beta of 0.86.

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

Insider Activity at Urban One

In other news, CFO Peter Thompson sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the transaction, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at approximately $394,389.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.