Urban One (NASDAQ:UONE) Shares Pass Below Two Hundred Day Moving Average of $3.84

Shares of Urban One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.84 and traded as low as $1.92. Urban One shares last traded at $1.97, with a volume of 121,907 shares.

Urban One Stock Performance

The business has a 50-day moving average price of $2.71 and a 200-day moving average price of $3.82. The firm has a market capitalization of $115.45 million, a price-to-earnings ratio of 11.24 and a beta of 0.91. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 2.57.

Hedge Funds Weigh In On Urban One

A number of large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Urban One by 3,371.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,886 shares of the company’s stock valued at $70,000 after buying an additional 13,486 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Urban One during the third quarter valued at $68,000. BNP Paribas Arbitrage SNC grew its holdings in shares of Urban One by 553.8% during the third quarter. BNP Paribas Arbitrage SNC now owns 14,958 shares of the company’s stock valued at $73,000 after buying an additional 12,670 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Urban One during the second quarter valued at $72,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Urban One during the second quarter valued at $65,000. 8.23% of the stock is owned by institutional investors and hedge funds.

Urban One Company Profile

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