Shares of Radio One, Inc. (NASDAQ:UONE – Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $5.57 and traded as low as $4.21. Radio One shares last traded at $4.0890, with a volume of 8,474 shares.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Research Report on Radio One
Radio One Stock Performance
Radio One (NASDAQ:UONE – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($1.58) earnings per share (EPS) for the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%. The business had revenue of $85.76 million for the quarter.
Hedge Funds Weigh In On Radio One
An institutional investor recently bought a new position in Radio One stock. Concurrent Investment Advisors LLC purchased a new position in Radio One, Inc. (NASDAQ:UONE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,557 shares of the company’s stock, valued at approximately $84,000. Concurrent Investment Advisors LLC owned about 0.34% of Radio One as of its most recent SEC filing. 8.23% of the stock is owned by institutional investors.
Radio One Company Profile
Radio One, Inc, now known as Urban One, Inc, is a multimedia company focused on serving Black audiences in the United States. The company operates radio stations and develops content across radio, television, digital media and related platforms.
Its businesses have included a portfolio of urban-format radio stations, the TV One cable network, CLEO TV and digital media properties operated through iOne Digital. The company also provides advertising, marketing and content solutions through its media and entertainment platforms, while Reach Media produces and distributes nationally syndicated programming.
Founded in 1980 by Cathy Hughes, the company was originally established as a radio broadcaster and later expanded into television and digital media.
Recommended Stories
- Five stocks we like better than Radio One
- Deutsche Bank Makes a Contrarian Call on Netflix—What Does It Mean for Investors?
- O’Reilly Automotive’s Stock Slump Hides a Stronger Business
- McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier
- Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test
Receive News & Ratings for Radio One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radio One and related companies with MarketBeat.com's FREE daily email newsletter.
