Urban One (NASDAQ:UONE) Shares Cross Below 200 Day Moving Average – Time to Sell?

Urban One, Inc. (NASDAQ:UONE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.54 and traded as low as $1.38. Urban One shares last traded at $1.43, with a volume of 9,442 shares trading hands.

Urban One Trading Down 3.2 %

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 $67.73 million, a P/E ratio of -0.83 and a beta of 0.95. The firm has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.54.

Insider Buying and Selling

In other Urban One news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the transaction, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 89.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 32.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban One

Institutional investors have recently modified their holdings of the business. Barclays PLC boosted its position in Urban One by 501,907.1% in the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after purchasing an additional 70,267 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Urban One by 31.7% in the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after buying an additional 9,509 shares during the last quarter. Finally, Millennium Management LLC grew 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 buying an additional 7,923 shares during the period. 8.23% of the stock is owned by institutional investors.

Urban One Company Profile

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.