Urban One (UONEK) Posts Earnings Results

Urban One (NASDAQ:UONEK) posted its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.34) earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $99.62 million during the quarter.

Urban One traded up $1.80, reaching $1.80, on Friday, according to MarketBeat Ratings. The stock had a trading volume of 21,200 shares, compared to its average volume of 26,537. Urban One has a fifty-two week low of $1.75 and a fifty-two week high of $1.75. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 55.20.

A hedge fund recently raised its stake in Urban One stock. Russell Investments Group Ltd. lifted its holdings in shares of Urban One (NASDAQ:UONEK) by 22.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,696 shares of the company’s stock after acquiring an additional 56,445 shares during the quarter. Russell Investments Group Ltd. owned 0.65% of Urban One worth $503,000 at the end of the most recent quarter. 36.86% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet upgraded Urban One from a “d+” rating to a “c” rating in a research report on Friday, March 9th.

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.

Earnings History for Urban One (NASDAQ:UONEK)

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