Urban One (NASDAQ:UONEK) Trading Down 3.4%

Urban One Inc (NASDAQ:UONEK)’s stock price dropped 3.4% during trading on Monday . The company traded as low as $1.70 and last traded at $1.69, approximately 24,812 shares were traded during trading. A decline of 100% from the average daily volume of 15,836,402 shares. The stock had previously closed at $1.75.

Separately, ValuEngine upgraded shares of Urban One from a “sell” rating to a “hold” rating in a report on Saturday.

The stock’s 50-day moving average price is $1.38 and its two-hundred day moving average price is $1.49. The stock has a market capitalization of $79.50 million, a PE ratio of -3.84 and a beta of 0.85. The company has a debt-to-equity ratio of 5.74, a quick ratio of 2.11 and a current ratio of 2.11.

Urban One (NASDAQ:UONEK) last released its earnings results on Thursday, May 28th. The company reported ($0.51) earnings per share for the quarter. The business had revenue of $94.88 million during the quarter. Urban One had a negative return on equity of 9.07% and a negative net margin of 4.42%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of Urban One by 53.5% in the 1st quarter. Morgan Stanley now owns 107,998 shares of the company’s stock worth $103,000 after purchasing an additional 37,640 shares during the period. Zazove Associates LLC lifted its stake in shares of Urban One by 1.0% in the 1st quarter. Zazove Associates LLC now owns 3,366,321 shares of the company’s stock worth $3,333,000 after purchasing an additional 32,493 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Urban One by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,492,546 shares of the company’s stock worth $2,836,000 after purchasing an additional 8,899 shares during the period. 31.02% of the stock is currently owned by hedge funds and other institutional investors.

Urban One Company Profile (NASDAQ:UONEK)

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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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