Urban One (NASDAQ:UONE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Urban One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.69 and traded as low as $1.34. Urban One shares last traded at $1.36, with a volume of 17,490 shares traded.

Urban One Stock Up 0.4 %

The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The business’s 50 day simple moving average is $1.53 and its 200 day simple moving average is $1.69. The company has a market capitalization of $65.15 million, a PE ratio of -0.80 and a beta of 0.99.

Urban One (NASDAQ:UONE) last issued its earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The company had revenue of $110.39 million for the quarter.

Insiders Place Their Bets

In other news, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total value of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. The trade was a 31.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Kantor sold 350,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total value of $343,000.00. Following the transaction, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 579,560 shares of company stock valued at $579,298 over the last ninety days. Company insiders own 32.61% of the company’s stock.

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.