Urban One (NASDAQ:UONE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Urban One, Inc. (NASDAQ:UONE) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.58 and traded as low as $1.32. Urban One shares last traded at $1.33, with a volume of 22,443 shares trading hands.

Urban One Price Performance

The stock has a market capitalization of $63.23 million, a PE ratio of -0.78 and a beta of 0.96. The stock’s 50 day moving average price is $1.43 and its 200-day moving average price is $1.57. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90.

Insider Buying and Selling at Urban One

In other Urban One news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the transaction, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction on Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban One

Institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in Urban One by 501,907.1% in the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after acquiring an additional 70,267 shares during the period. Northern Trust Corp lifted its position in shares of Urban One by 31.7% in the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after purchasing an additional 9,509 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Urban One by 9.4% in the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after purchasing an additional 7,923 shares during the period. Hedge funds and other institutional investors own 8.23% of the company’s stock.

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.