Urban One, Inc. (NASDAQ:UONE – Get Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.84 and traded as low as $5.54. Urban One shares last traded at $5.68, with a volume of 36,468 shares changing hands.
Urban One Price Performance
The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 3.03. The firm has a market cap of $265.71 million, a PE ratio of 5.98 and a beta of 1.08. The firm’s fifty day simple moving average is $5.62 and its two-hundred day simple moving average is $6.84.
Urban One (NASDAQ:UONE – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $118.81 million for the quarter. Urban One had a net margin of 10.95% and a return on equity of 20.10%.
Institutional Investors Weigh In On Urban One
Several institutional investors and hedge funds have recently modified their holdings of UONE. State Street Corp bought a new stake in shares of Urban One during the second quarter valued at approximately $473,000. Boundary Creek Advisors LP bought a new stake in Urban One in the first quarter worth $473,000. Dimensional Fund Advisors LP increased its position in Urban One by 64.6% in the first quarter. Dimensional Fund Advisors LP now owns 115,580 shares of the company’s stock worth $722,000 after purchasing an additional 45,379 shares during the last quarter. Northern Trust Corp increased its position in Urban One by 221.2% in the second quarter. Northern Trust Corp now owns 64,091 shares of the company’s stock worth $350,000 after purchasing an additional 44,138 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in Urban One in the first quarter worth $219,000. Institutional investors own 5.82% 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.
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