Urban One (NASDAQ:UONE) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Urban One, Inc. (NASDAQ:UONE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.63 and traded as low as $1.44. Urban One shares last traded at $1.44, with a volume of 10,888 shares.

Urban One Stock Down 3.9 %

The stock has a market capitalization of $68.98 million, a PE ratio of -0.85 and a beta of 0.99. The firm’s fifty day moving average is $1.47 and its 200-day moving average is $1.63. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90.

Insider Buying and Selling

In related news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Peter Thompson sold 100,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total transaction of $107,000.00. Following the completion of the transaction, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. This trade represents a 31.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 579,560 shares of company stock valued at $579,298 over the last ninety days. Corporate insiders own 32.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Urban One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after buying an additional 7,923 shares in the last quarter. Northern Trust Corp increased its holdings in Urban One by 31.7% in the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after buying an additional 9,509 shares in the last quarter. Finally, Barclays PLC increased its holdings in Urban One by 501,907.1% in the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after buying an additional 70,267 shares in the last quarter. 8.23% of the stock is owned by hedge funds and other institutional investors.

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.