Zazove Associates LLC decreased its position in shares of Urban One Inc (NASDAQ:UONEK) by 82.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 500,000 shares of the company’s stock after selling 2,356,646 shares during the period. Zazove Associates LLC’s holdings in Urban One were worth $6,285,000 at the end of the most recent reporting period.
Shares of Urban One stock traded up $0.05 during midday trading on Friday, reaching $2.05. The company had a trading volume of 4,408 shares, compared to its average volume of 26,811. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 5.08. The firm has a market cap of $91.58 million, a P/E ratio of 0.61 and a beta of 0.54. The company’s fifty day moving average is $2.15. Urban One Inc has a 1-year low of $1.60 and a 1-year high of $2.41.
Urban One (NASDAQ:UONEK) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter. The business had revenue of $121.57 million during the quarter. Urban One had a net margin of 31.49% and a return on equity of 102.97%.
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, 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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