Urban One Inc (NASDAQ:UONE) CEO David M. Kantor Sells 709,532 Shares

Urban One Inc (NASDAQ:UONE) CEO David M. Kantor sold 709,532 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $5.86, for a total value of $4,157,857.52. Following the completion of the transaction, the chief executive officer now owns 272,758 shares in the company, valued at approximately $1,598,361.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of UONE stock opened at $20.25 on Wednesday. The stock’s 50-day moving average is $8.09 and its two-hundred day moving average is $3.32. The company has a debt-to-equity ratio of 5.74, a quick ratio of 2.11 and a current ratio of 2.11. Urban One Inc has a 1 year low of $0.95 and a 1 year high of $54.16. The firm has a market cap of $942.65 million, a price-to-earnings ratio of -47.09 and a beta of 1.02.

UONE has been the subject of a number of research analyst reports. ValuEngine downgraded Urban One from a “hold” rating to a “sell” rating in a report on Monday, June 15th. TheStreet upgraded shares of Urban One from a “d” rating to a “c-” rating in a report on Tuesday, June 16th.

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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Insider Buying and Selling by Quarter for Urban One (NASDAQ:UONE)

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