Radio One, Inc. (NASDAQ:UONE – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.27 and traded as low as $5.07. Radio One shares last traded at $5.09, with a volume of 5,401 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on Radio One
Radio One Stock Performance
Radio One (NASDAQ:UONE – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%. The firm had revenue of $77.65 million during the quarter.
Institutional Trading of Radio One
A hedge fund recently raised its position in Radio One stock. Geode Capital Management LLC raised its position in shares of Radio One, Inc. (NASDAQ:UONE – Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,564 shares of the company’s stock after buying an additional 3,294 shares during the period. Geode Capital Management LLC owned about 1.97% of Radio One worth $91,000 as of its most recent filing with the Securities & Exchange Commission. 8.23% of the stock is owned by hedge funds and other institutional investors.
Radio One Company Profile
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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