Radio One Inc. (ROIAK) Drops 6% on February 17

Equities Staff |

Radio One Inc. (ROIAK) was one of the Russell 2000's biggest losers for Wednesday February 17 as the stock slid 6% to $1.41, a loss of $-0.09 per share. Starting at an opening price of $1.42 a share, the stock traded between $1.41 and $1.42 over the course of the trading day. Volume was 684 shares over 6 trades, against an average daily volume of 33,800 shares and a total float of 49.89 million.

The losses send Radio One Inc. down to a market cap of $70.35 million. In the last year, Radio One Inc. has traded between $4.22 and $1.12, and its 50-day SMA is currently $1.53 and 200-day SMA is $2.48.

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 55 broadcast stations.

Radio One Inc. is based out of Silver Spring, MD and has some 1,359 employees. Its CEO is Alfred C. Liggins.

For a complete fundamental analysis analysis of Radio One Inc., check out Equities.com’s Stock Valuation Analysis report for ROIAK. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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