Urban One (NASDAQ:UONE) Announces Quarterly Earnings Results

Urban One (NASDAQ:UONE) posted its quarterly earnings results on Thursday. The company reported ($0.78) EPS for the quarter, RTT News reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The firm had revenue of $117.13 million for the quarter.

Urban One Stock Down 2.0 %

UONE stock opened at $1.44 on Friday. The stock has a market capitalization of $68.98 million, a P/E ratio of -0.85 and a beta of 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. Urban One has a 1-year low of $1.23 and a 1-year high of $3.33. The business has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.52.

Insider Activity at Urban One

In other news, CEO David M. Kantor sold 70,350 shares of the firm’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 directly owns 8,061 shares in the company, valued at $7,899.78. This trade represents a 89.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 32.61% 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.