Urban One, Inc. (NASDAQ:UONE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.92 and traded as low as $5.02. Urban One shares last traded at $5.07, with a volume of 18,701 shares trading hands.

Urban One Stock Performance

The firm has a market capitalization of $245.29 million, a PE ratio of 6.50 and a beta of 1.07. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a fifty day moving average price of $5.51 and a 200 day moving average price of $5.92.

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Institutional Investors Weigh In On Urban One

Hedge funds have recently modified their holdings of the stock. Zazove Associates LLC purchased a new stake in  Urban One in the 3rd quarter worth about $3,100,000.  Dimensional Fund Advisors LP lifted its stake in  Urban One by 65.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 300,148 shares of the company's stock worth $1,588,000 after acquiring an additional 119,277 shares in the last quarter.  State Street Corp purchased a new stake in  Urban One in the 2nd quarter worth about $473,000.  Boundary Creek Advisors LP purchased a new stake in  Urban One in the 1st quarter worth about $473,000.  Finally, Northern Trust Corp lifted its stake in  Urban One by 221.2% in the 2nd quarter. Northern Trust Corp now owns 64,091 shares of the company's stock worth $350,000 after acquiring an additional 44,138 shares in the last quarter. 5.82% of the stock is owned by hedge funds and other institutional investors.

Urban One Company Profile

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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.