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

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

Shares of NASDAQ:UONEK opened at $1.65 on Friday. The company has a 50 day moving average of $1.38 and a 200-day moving average of $1.49. The firm has a market cap of $79.50 million, a P/E ratio of -3.84 and a beta of 0.85. Urban One has a twelve month low of $0.56 and a twelve month high of $6.84. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 5.74.

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

Large investors have recently modified their holdings of the company. Zazove Associates LLC raised its holdings 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 worth $3,333,000 after purchasing an additional 32,493 shares in the last quarter. Renaissance Technologies LLC raised its holdings 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 worth $2,836,000 after purchasing an additional 8,899 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Urban One by 53.5% in the 1st quarter. Morgan Stanley now owns 107,998 shares of the company’s stock worth $103,000 after purchasing an additional 37,640 shares in the last quarter. 31.02% 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, 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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