Urban One (NASDAQ:UONE) Posts Quarterly Earnings Results

Urban One (NASDAQ:UONE) released its quarterly earnings data on Thursday. The company reported ($0.78) EPS for the quarter, RTT News reports. The business had revenue of $117.13 million during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Urban One Stock Down 2.0 %

Shares of NASDAQ UONE traded down $0.03 during midday trading on Friday, hitting $1.44. The company’s stock had a trading volume of 531 shares, compared to its average volume of 74,153. The business’s fifty day simple moving average is $1.40 and its two-hundred day simple moving average is $1.52. The firm has a market capitalization of $68.98 million, a price-to-earnings ratio of -0.85 and a beta of 0.95. Urban One has a 1 year low of $1.23 and a 1 year high of $3.33. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91.

Insider Activity

In related news, 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 transaction of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. This trade represents a 89.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.61% 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.