Radio One (NASDAQ:UONEK) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Radio One, Inc. (NASDAQ:UONEK)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.71 and traded as high as $8.39. Radio One shares last traded at $7.90, with a volume of 8,261 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Radio One Stock Down 2.5%

The stock’s 50 day simple moving average is $8.21 and its two-hundred day simple moving average is $7.71. The firm has a market cap of $35.55 million, a P/E ratio of -0.28 and a beta of 0.41. The company has a debt-to-equity ratio of 6.14, a current ratio of 2.59 and a quick ratio of 2.59.

Institutional Investors Weigh In On Radio One

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after acquiring an additional 2,474 shares in the last quarter. Barclays PLC boosted its stake in Radio One by 48.9% in the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after purchasing an additional 382,559 shares in the last quarter. Finally, Zazove Associates LLC grew its position in Radio One by 2.5% during the 3rd quarter. Zazove Associates LLC now owns 5,024,431 shares of the company’s stock valued at $3,621,000 after purchasing an additional 124,724 shares during the last quarter. 19.70% of the stock is owned by institutional investors.

Radio One Company Profile

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.