Alfred C. Liggins Acquires 729,873 Shares of Urban One Inc (NASDAQ:UONE) Stock

Urban One Inc (NASDAQ:UONE) CEO Alfred C. Liggins acquired 729,873 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $0.76 per share, with a total value of $554,703.48. Following the transaction, the chief executive officer now directly owns 14,014,194 shares in the company, valued at approximately $10,650,787.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Urban One stock opened at $20.25 on Wednesday. The business has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $3.32. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 5.74. The stock has a market cap of $942.65 million, a price-to-earnings ratio of -47.09 and a beta of 1.02. Urban One Inc has a 12 month low of $0.95 and a 12 month high of $54.16.

Several equities analysts recently weighed in on UONE shares. TheStreet raised Urban One from a “d” rating to a “c-” rating in a research report on Tuesday, June 16th. ValuEngine cut Urban One from a “hold” rating to a “sell” rating in a report on Monday, June 15th.

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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