Radio One (NASDAQ:UONEK) Shares Pass Below 200-Day Moving Average – Should You Sell?

Radio One, Inc. (NASDAQ:UONEK) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.46 and traded as low as $4.32. Radio One shares last traded at $4.37, with a volume of 3,968 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Radio One Stock Performance

The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92. The stock has a market cap of $19.74 million, a PE ratio of -0.14 and a beta of 0.37. The business’s 50-day moving average price is $4.92 and its 200-day moving average price is $6.46.

Radio One (NASDAQ:UONEK) last posted its earnings results on Thursday, May 14th. The company reported ($0.69) EPS for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%. The firm had revenue of $77.65 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Radio One by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after buying an additional 2,474 shares in the last quarter. Zazove Associates LLC boosted its holdings in Radio One by 1.2% in the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after acquiring an additional 58,732 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Radio One by 48.9% in the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after acquiring an additional 382,559 shares in the last quarter. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

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.