Urban One (NASDAQ:UONEK) Announces Earnings Results

Urban One (NASDAQ:UONEK) issued its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Urban One Stock Up 0.8 %

Shares of UONEK traded up $0.01 during trading hours on Thursday, reaching $0.71. 9,296 shares of the stock traded hands, compared to its average volume of 40,231. Urban One has a 52 week low of $0.60 and a 52 week high of $2.17. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The stock has a fifty day simple moving average of $0.77 and a 200 day simple moving average of $0.96. The company has a market cap of $33.89 million, a price-to-earnings ratio of -0.42 and a beta of 0.59.

Insider Buying and Selling at Urban One

In related news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. The trade was a 89.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 50.45% 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.