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TheStreet Wire

Sirius XM Radio Rises On Unusually High Volume (SIRI)

By TheStreet Wire 08/07/12 - 04:23 PM EDT

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

NEW YORK (TheStreet) -- Sirius XM Radio (Nasdaq:SIRI) is trading at unusually high volume Tuesday with 191.1 million shares changing hands. It is currently at four times its average daily volume and trading up 10 cents (+4.5%) at $2.30 as of 4 p.m. ET.

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Sirius XM Radio has a market cap of $8.21 billion and is part of the services sector and media industry. Shares are up 20.9% year to date as of the close of trading on Monday.

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts approximately 135 channels, including music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. The company has a P/E ratio of 27, above the average media industry P/E ratio of 24 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Sirius XM Radio Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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