Urban One, Inc. (NASDAQ:UONE – Get Rating) was the target of a significant drop in short interest during the month of February. As of February 15, there was short interest totaling 87,900 shares, down 48.6% from the total of 171,000 shares as of January 31. Based on an average trading volume of 216,300 shares, the day-to-cover ratio is currently 0.4 days.
Urban One stock opened at $5.37 on Friday. The company has a debt ratio of 3.30, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market capitalization of $275.55 million, a price-earnings ratio of 4.75 and a beta of 0.75. Urban One has a one-year low of $3.73 and a one-year high of $24.16. The company’s fifty-day moving average price is $5.18 and its two-hundred-day moving average price is $6.43.
A number of institutional investors have recently bought and sold shares of UONE. Spire Wealth Management acquired a new stake in Urban One stock in the fourth quarter worth approximately $27,000. Morgan Stanley acquired a new stake in Urban One stock in the first quarter worth about $29,000. UBS Group AG acquired a new equity stake in Urban One in the third quarter worth approximately $31,000. Marshall Wace LLP acquired a new stake in Urban One stock in the fourth quarter worth approximately $74,000. Finally, Northern Trust Corp acquired a new stake in Urban One stock in the fourth quarter valued at around $82,000. 1.06% of the shares are currently held by hedge funds and other institutional investors.
About Urban One (Get a rating)
Urban One, Inc. is a multimedia company, which engages in the broadcasting operation that targets African American and urban listeners. It operates through the following segments: Broadcasting, Reach Media, Digital and Cable Television. The Broadcasting segment includes all activities related to broadcasting.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Urban One right now?
Before you consider Urban One, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Urban One wasn’t on the list.
While Urban One currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here