Urban One (NASDAQ:UONEK) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Urban One (NASDAQ:UONEK) from a sell rating to a hold rating in a research note published on Saturday morning, ValuEngine reports.

Shares of UONEK opened at $1.65 on Friday. Urban One has a 1-year low of $0.56 and a 1-year high of $6.84. The firm has a 50 day simple moving average of $1.38 and a 200-day simple moving average of $1.49. The stock has a market cap of $79.50 million, a price-to-earnings ratio of -3.84 and a beta of 0.85. The company has a debt-to-equity ratio of 5.74, a current ratio of 2.11 and a quick ratio of 2.11.

Urban One (NASDAQ:UONEK) last announced its earnings results on Thursday, May 28th. The company reported ($0.51) earnings per share (EPS) for the quarter. Urban One had a negative return on equity of 9.07% and a negative net margin of 4.42%. The firm had revenue of $94.88 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its stake in shares of Urban One by 53.5% in the 1st quarter. Morgan Stanley now owns 107,998 shares of the company’s stock valued at $103,000 after acquiring an additional 37,640 shares during the period. Zazove Associates LLC raised its stake in shares of Urban One by 1.0% in the 1st quarter. Zazove Associates LLC now owns 3,366,321 shares of the company’s stock valued at $3,333,000 after acquiring an additional 32,493 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Urban One by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,492,546 shares of the company’s stock valued at $2,836,000 after acquiring an additional 8,899 shares during the period. Institutional investors own 31.02% 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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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