Urban One (NASDAQ:UONE) Share Price Passes Below 200-Day Moving Average – Here’s Why

Urban One, Inc. (NASDAQ:UONE)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.63 and traded as low as $1.44. Urban One shares last traded at $1.44, with a volume of 10,888 shares changing hands.

Urban One Stock Down 3.9 %

The firm has a 50 day moving average price of $1.47 and a two-hundred day moving average price of $1.63. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $68.98 million, a price-to-earnings ratio of -0.85 and a beta of 0.99.

Insider Activity at Urban One

In related news, CEO David M. Kantor sold 350,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total value of $343,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Karen Wishart sold 50,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares of the company’s stock, valued at approximately $41,690.78. This represents a 54.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 579,560 shares of company stock valued at $579,298 over the last three months. 32.61% of the stock is owned by insiders.

Institutional Trading of Urban One

Several hedge funds and other institutional investors have recently bought and sold shares of UONE. Barclays PLC increased its holdings in Urban One by 501,907.1% in the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after buying an additional 70,267 shares during the last quarter. Northern Trust Corp boosted its stake in Urban One by 31.7% in the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after acquiring an additional 9,509 shares during the period. Finally, Millennium Management LLC boosted its stake in Urban One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after acquiring an additional 7,923 shares during the period. 8.23% of the stock is owned by institutional investors.

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.