Radio One (NASDAQ:UONEK) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Radio One, Inc. (NASDAQ:UONEK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.72 and traded as high as $0.88. Radio One shares last traded at $0.8590, with a volume of 33,833 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Radio One Price Performance

The business’s fifty day simple moving average is $0.76 and its 200-day simple moving average is $0.72. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14. The firm has a market cap of $38.61 million, a P/E ratio of -0.30 and a beta of 0.30.

Radio One (NASDAQ:UONEK) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $92.68 million for the quarter. Radio One had a negative net margin of 32.55% and a positive return on equity of 1.85%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC increased its stake in Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,024,431 shares of the company’s stock after acquiring an additional 124,724 shares during the period. Zazove Associates LLC owned about 11.07% of Radio One worth $3,621,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.70% of the company’s stock.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.