Radio One Stock Set to Reverse Split on Friday, January 23rd (NASDAQ:UONE)

Radio One, Inc. (NASDAQ:UONE)’s stock is scheduled to reverse split on Friday, January 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, January 22nd.

Radio One Stock Down 15.5%

Shares of Radio One stock opened at $0.87 on Monday. The company has a market cap of $39.11 million, a P/E ratio of -0.31 and a beta of 0.38. The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.59 and a current ratio of 2.59. Radio One has a one year low of $0.87 and a one year high of $1.90. The firm has a fifty day moving average of $1.14 and a two-hundred day moving average of $1.39.

Radio One (NASDAQ:UONE) last released its earnings results on Tuesday, November 4th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $92.68 million during the quarter. Radio One had a positive return on equity of 1.85% and a negative net margin of 32.55%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.