Urban One (NASDAQ:UONEK) Releases Earnings Results

Urban One (NASDAQ:UONEK) released its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. The business had revenue of $117.13 million during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Urban One Price Performance

UONEK opened at $0.74 on Friday. Urban One has a 1 year low of $0.60 and a 1 year high of $2.07. The company has a market capitalization of $35.26 million, a price-to-earnings ratio of -0.43 and a beta of 0.59. The firm’s fifty day moving average price is $0.76 and its two-hundred day moving average price is $0.95. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91.

Insiders Place Their Bets

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. The trade was a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 50.45% of the stock is currently owned by insiders.

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.