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NEW YORK (

TheStreet

) --

SBA Communications

(Nasdaq:

SBAC

) hit a new 52-week high Monday as it is currently trading at $55.96, above its previous 52-week high of $55.85 with 1.2 million shares traded as of 2:05 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

SBA has a market cap of $6.55 billion and is part of the

services

sector and

diversified services

industry. Shares are up 25.7% year to date as of the close of trading on Friday.

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SBA Communications Corporation owns and operates wireless communications towers primarily in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, and Panama.

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TheStreet Ratings rates SBA as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

SBA Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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