Shares of Urban One, Inc. (NASDAQ:UONE – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.58 and traded as low as $1.32. Urban One shares last traded at $1.33, with a volume of 22,443 shares traded.
Urban One Price Performance
The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market capitalization of $63.71 million, a P/E ratio of -0.78 and a beta of 0.95. The stock’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $1.58.
Insiders Place Their Bets
In other news, CFO Peter Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the completion of the sale, the chief financial officer now owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. This represents a 31.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Kantor sold 70,350 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 89.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,560 shares of company stock worth $236,298 in the last three months. Corporate insiders own 32.61% of the company’s stock.
Institutional Investors Weigh In On Urban One
About Urban One
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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