Urban One (NASDAQ:UONEK) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of Urban One (NASDAQ:UONEK) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Shares of Urban One stock traded up $0.08 during mid-day trading on Thursday, reaching $2.23. 15,923 shares of the stock were exchanged, compared to its average volume of 37,870. The company has a market capitalization of $102.11 million, a P/E ratio of 0.62 and a beta of 0.57. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 5.16. The company has a 50-day simple moving average of $2.13. Urban One has a fifty-two week low of $1.60 and a fifty-two week high of $2.41.

Urban One (NASDAQ:UONEK) last issued its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter. The business had revenue of $121.57 million for the quarter. Urban One had a net margin of 35.83% and a return on equity of 146.85%.

A hedge fund recently raised its stake in Urban One stock. Zazove Associates LLC grew its holdings in shares of Urban One Inc (NASDAQ:UONEK) by 12.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,206,874 shares of the company’s stock after purchasing an additional 350,228 shares during the quarter. Zazove Associates LLC owned approximately 7.00% of Urban One worth $6,285,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 29.63% 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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