Urban One (NASDAQ:UONE) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Urban One, Inc. (NASDAQ:UONE) 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

Several hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its position in Urban One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after acquiring an additional 9,509 shares during the last quarter. Barclays PLC lifted its position in Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after acquiring an additional 70,267 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after acquiring an additional 7,923 shares during the last quarter. Hedge funds and other institutional investors own 8.23% of the company’s stock.

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.