Urban One, Inc. (NASDAQ:UONEK – Get Rating) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.64 and traded as high as $5.76. Urban One shares last traded at $5.26, with a volume of 53,985 shares traded.
Urban One Stock Performance
The firm has a market capitalization of $254.48 million, a PE ratio of 6.74 and a beta of 0.93. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 2.87. The business's 50 day simple moving average is $4.98 and its two-hundred day simple moving average is $4.64.
Get Urban One alerts:Institutional Investors Weigh In On Urban One
Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in 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 buying an additional 2,695 shares during the period. Vanguard Group Inc. raised its position in Urban One by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 890,522 shares of the company's stock worth $4,586,000 after purchasing an additional 24,151 shares during the period. Invesco Ltd. purchased a new stake in Urban One in the 1st quarter worth about $394,000. State Street Corp raised its position in Urban One by 4.9% in the 1st quarter. State Street Corp now owns 107,817 shares of the company's stock worth $555,000 after purchasing an additional 5,061 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Urban One during the second quarter worth approximately $27,000. Institutional investors own 19.47% of the company's stock.
About Urban One
(Get Rating)
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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