Radio One, Inc. (NASDAQ:UONE – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.71 and traded as low as $5.10. Radio One shares last traded at $5.15, with a volume of 4,191 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Radio One currently has an average rating of “Sell”.
View Our Latest Stock Analysis on UONE
Radio One Stock Up 1.0%
Radio One (NASDAQ:UONE – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. The firm had revenue of $77.65 million during the quarter. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.
Institutional Trading of Radio One
A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC boosted its holdings in shares of Radio One, Inc. (NASDAQ:UONE – Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,564 shares of the company’s stock after acquiring an additional 3,294 shares during the period. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 at the end of the most recent reporting period. 8.23% of the stock is currently owned by hedge funds and other institutional investors.
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.
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