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Sirius XM Radio Stock Hits New 52-Week High (SIRI)

By TheStreet Wire 10/02/12 - 10:53 AM EDT

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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Sirius XM Radio (Nasdaq:SIRI) hit a new 52-week high Tuesday as it is currently trading at $2.65, above its previous 52-week high of $2.64 with 31 million shares traded as of 10:30 a.m. ET. Average volume has been 61.1 million shares over the past 30 days.

Sirius XM Radio has a market cap of $13.39 billion and is part of the services sector and media industry. Shares are up 40.9% 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 4.9, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Sirius XM Radio Ratings Report.

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