Urban One, Inc. (NASDAQ:UONE – Get Rating)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.21 and traded as high as $5.48. Urban One shares last traded at $5.22, with a volume of 30,754 shares changing hands.
Urban One Trading Up 1.3 %
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 business has a 50-day moving average of $5.19 and a 200-day moving average of $5.47. The firm has a market cap of $257.87 million, a price-to-earnings ratio of 6.74 and a beta of 1.17.
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Urban One (NASDAQ:UONE – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.08 EPS for the quarter. Urban One had a return on equity of 16.08% and a net margin of 8.73%. The company had revenue of $121.40 million for the quarter.
Institutional Investors Weigh In On Urban One
Institutional investors have recently made changes to their positions in the stock. Zazove Associates LLC bought a new stake in shares of Urban One in the third quarter valued at approximately $3,100,000. Strs Ohio bought a new stake in Urban One during the second quarter worth $72,000. Invesco Ltd. bought a new stake in Urban One during the first quarter worth $219,000. Northern Trust Corp lifted its stake in Urban One by 13.2% during the first quarter. Northern Trust Corp now owns 19,953 shares of the company's stock worth $125,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Urban One by 12.3% during the third quarter. Bank of New York Mellon Corp now owns 19,868 shares of the company's stock worth $105,000 after purchasing an additional 2,180 shares during the last quarter. 6.46% of the stock is currently owned by 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.
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