Shares of Urban One, Inc. (NASDAQ:UONE) traded down 11.7% on Friday . The company traded as low as $6.02 and last traded at $6.14. 1,847,109 shares were traded during mid-day trading, a decline of 63% from the average session volume of 5,020,822 shares. The stock had previously closed at $6.95.
Separately, TheStreet raised shares of Urban One from a “d” rating to a “c-” rating in a research note on Wednesday.
The firm has a market capitalization of $293.17 million, a price-to-earnings ratio of -11.37 and a beta of 1.31. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day moving average price of $5.02 and a 200-day moving average price of $7.81.
Urban One (NASDAQ:UONE) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.29) earnings per share for the quarter. The company had revenue of $91.91 million for the quarter. Urban One had a negative return on equity of 14.09% and a negative net margin of 6.27%.
In other Urban One news, CEO Alfred C. Liggins bought 249,541 shares of the company’s stock in a transaction that occurred on Monday, November 23rd. The shares were purchased at an average price of $1.21 per share, with a total value of $301,944.61. Following the completion of the acquisition, the chief executive officer now directly owns 14,693,156 shares of the company’s stock, valued at approximately $17,778,718.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alfred C. Liggins purchased 182,371 shares of the business’s stock in a transaction on Wednesday, November 25th. The stock was acquired at an average price of $1.32 per share, for a total transaction of $240,729.72. Following the completion of the purchase, the chief executive officer now owns 14,693,156 shares of the company’s stock, valued at $19,394,965.92. The disclosure for this purchase can be found here. Insiders have purchased 706,369 shares of company stock worth $828,110 over the last 90 days. Insiders own 79.31% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UONE. UBS Group AG purchased a new stake in Urban One during the second quarter worth approximately $82,000. Acadian Asset Management LLC acquired a new stake in Urban One during the third quarter worth approximately $73,000. Virtu Financial LLC purchased a new stake in shares of Urban One during the 3rd quarter worth approximately $110,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of Urban One in the 3rd quarter valued at $143,000. Institutional investors and hedge funds own 0.26% of the company’s stock.
About Urban One (NASDAQ:UONE)
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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