Urban One (NASDAQ:UONE) Issues Quarterly Earnings Results

Urban One (NASDAQ:UONE) issued its earnings results on Thursday. The company reported ($0.78) EPS for the quarter, RTT News reports. The firm 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 Price Performance

Shares of UONE stock traded down $0.03 during mid-day trading on Friday, hitting $1.44. 531 shares of the stock were exchanged, compared to its average volume of 74,153. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a 52-week low of $1.23 and a 52-week high of $3.33. The firm has a fifty day moving average of $1.40 and a 200 day moving average of $1.52. The company has a market cap of $68.98 million, a PE ratio of -0.85 and a beta of 0.95.

Insider Activity at Urban One

In related news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was 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. The trade was a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.61% of the stock is owned by corporate insiders.

About Urban One

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.