Urban One (UONEK) Set to Announce Quarterly Earnings on Thursday

Urban One (NASDAQ:UONEK) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th.

Urban One (NASDAQ:UONEK) last posted its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%. The company had revenue of $117.74 million for the quarter.

Urban One Trading Down 3.6 %

Shares of UONEK stock opened at $1.08 on Thursday. The stock has a market cap of $53.64 million, a P/E ratio of 6.35 and a beta of 0.56. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 2.54. Urban One has a fifty-two week low of $0.97 and a fifty-two week high of $5.92. The business has a fifty day simple moving average of $1.16 and a 200-day simple moving average of $1.40.

Insider Buying and Selling at Urban One

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the sale, the chief financial officer now owns 320,642 shares of the company’s stock, valued at $394,389.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 50.45% of the stock is currently owned by insiders.

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, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.