Radio One Inc. (ROIAK) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of ROIAK have fallen 3.21% to $3.02 after closing the day prior at $3.12. So far, the stock has traded as high as $3.11 and as low as $3.02. Today’s decline has come with about 3,153 shares changing hands, compared to an average 30-day volume of 40,185 for Radio One Inc.. The price is currently below the 30-day volume weighted average price of $3.07 for ROIAK.
The share depreciation gives the company a market capitalization of $151.52 million based upon 48.56 million shares outstanding. It also means that ROIAK has a price-to-book ratio of 73.34:1.
In the past 52 weeks, shares of ROIAK have traded as low as $0.98 and as high as $3.56. Technical traders will take note that at $3.02, shares of ROIAK are trading above their 200-day MA at $2.26 and below their 50-day MA at $3.25. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is ROIAK?
Radio One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It owns and operates approximately 56 broadcast stations. The company’s 1306 employees are led by CEO Alfred C. Liggins from the corporate headquarters at 1010 Wayne Avenue in Silver Spring, MD.
For more information on ROIAK and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.