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Urban One (NASDAQ:UONEK) Share Price Crosses Above 200-Day Moving Average of $4.40

Defense World ·  Jan 31, 2023 02:31

Urban One, Inc. (NASDAQ:UONEK – Get Rating) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.40 and traded as high as $4.95. Urban One shares last traded at $4.83, with a volume of 65,493 shares trading hands.

Urban One Trading Down 2.6 %

The stock has a market cap of $233.68 million, a price-to-earnings ratio of 6.19 and a beta of 0.87. The business has a 50 day simple moving average of $4.53 and a two-hundred day simple moving average of $4.40. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 2.87.

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Urban One (NASDAQ:UONEK – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.08 EPS for the quarter. The company had revenue of $121.40 million during the quarter. Urban One had a return on equity of 16.08% and a net margin of 8.73%.

Institutional Trading of Urban One

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Urban One by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 895,715 shares of the company's stock worth $4,613,000 after purchasing an additional 2,695 shares during the last quarter. State Street Corp raised its stake in Urban One by 1.5% during the 3rd quarter. State Street Corp now owns 186,268 shares of the company's stock valued at $792,000 after acquiring an additional 2,709 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Urban One by 9.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,257 shares of the company's stock valued at $154,000 after acquiring an additional 3,168 shares in the last quarter. Boundary Creek Advisors LP raised its stake in Urban One by 0.3% during the 3rd quarter. Boundary Creek Advisors LP now owns 1,934,398 shares of the company's stock valued at $8,221,000 after acquiring an additional 5,119 shares in the last quarter. Finally, Stokes Family Office LLC raised its stake in Urban One by 44.7% during the 2nd quarter. Stokes Family Office LLC now owns 20,742 shares of the company's stock valued at $89,000 after acquiring an additional 6,406 shares in the last quarter. Institutional investors own 19.47% of the company's stock.

About Urban One

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Urban One, Inc is a multi-media company engaged in radio broadcasting that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations.

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