Home / Market Movers / Services Sector Feels 8.29% Slide in Shares of Radio One Inc. (ROIA) at Midday on April 21

Services Sector Feels 8.29% Slide in Shares of Radio One Inc. (ROIA) at Midday on April 21

Radio One Inc. (ROIA) lost ground during morning trading on April 21 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 ROIA have fallen 8.29% to $3.21 after closing the day prior at $3.5. So far, the stock has traded as high as $3.5 and as low as $3.21. Today’s decline has come with about 205 shares changing hands, compared to an average 30-day volume of 1,843 for Radio One Inc.. The price is currently below the 30-day volume weighted average price of $3.35 for ROIA.

The share depreciation gives the company a market capitalization of $169.14 million based upon 48.33 million shares outstanding. It also means that ROIA has a price-to-book ratio of 76.65:1.

In the past 52 weeks, shares of ROIA have traded as low as $1.55 and as high as $3.57. Technical traders will take note that at $3.21, shares of ROIA are trading above their 200-day MA at $2.94 and above their 50-day MA at $2.95. 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 ROIA?

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 1348 employees are led by CEO Alfred C. Liggins from the corporate headquarters at 1010 Wayne Avenue in Silver Spring, MD.

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