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TheStreet Wire

Spanish Broadcasting System Stock Soars (SBSA)

By TheStreet Wire 01/19/12 - 11:21 AM EST

Find out if (SBSA) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Spanish Broadcasting System (Nasdaq:SBSA) have taken a tremendous swing upward. The stock is trading at $3.55 as of 10:53 a.m. ET, 21.4% above Wednesday's closing price of $2.92. Volume is at 77,139, one times the daily average of 79,300.

Spanish Broadcasting System has a market cap of $11.8 million and is part of the services sector and media industry. Shares are up 816.7% year to date as of the close of trading on Wednesday.

Spanish Broadcasting System, Inc. operates as a Hispanic-controlled media and entertainment company in the United States. The company has a P/E ratio of 7.3, above the average media industry P/E ratio of 1.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spanish Broadcasting System as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Spanish Broadcasting System Ratings Report.

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