Urban One (NASDAQ:UONE) announced its quarterly earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, Morningstar.com reports. Urban One had a return on equity of 76.74% and a net margin of 26.25%. The firm had revenue of $110.73 million during the quarter.
Shares of Urban One stock traded down $0.37 on Friday, hitting $2.67. The company’s stock had a trading volume of 4,800 shares, compared to its average volume of 23,441. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 23.25. Urban One has a 1 year low of $1.40 and a 1 year high of $4.85. The firm has a market cap of $131.38 million, a PE ratio of 46.01 and a beta of -0.28.
Separately, TheStreet upgraded Urban One from a “d+” rating to a “c” rating in a research note on Tuesday, August 21st.
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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