Urban One (NASDAQ:UONEK) Announces Quarterly Earnings Results

Urban One (NASDAQ:UONEK) released its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Urban One Trading Up 0.8 %

UONEK stock traded up $0.01 during trading on Thursday, reaching $0.71. The company had a trading volume of 15,097 shares, compared to its average volume of 40,237. The business has a 50 day moving average of $0.77 and a 200 day moving average of $0.96. The company has a market cap of $33.89 million, a P/E ratio of -0.42 and a beta of 0.59. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. Urban One has a 52 week low of $0.60 and a 52 week high of $2.17.

Insider Activity at Urban One

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 50.45% of the stock is currently owned by corporate insiders.

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.