Sinclair Broadcast Group Stock Hits New 52-Week High (SBGI)
Sinclair Broadcast Group (Nasdaq:SBGI) hit a new 52-week high Wednesday as it changed hands at $10.25 compared with its previous 52-week high of $9.99. Sinclair Broadcast Group is currently trading at $10.24 with 21,895 shares changing hands as of 9:31 a.m..
NEW YORK ( TheStreet) -- Sinclair Broadcast Group (Nasdaq: SBGI) hit a new 52-week high Wednesday as it traded at $10.25 compared with its previous 52-Week high of $9.99. Sinclair Broadcast Group is changing hands at $10.24 with 21,895 shares traded as of 9:31 a.m. ET. Average volume has been 344,800 shares over the past 30 days. Sinclair Broadcast Group has a market cap of $473.1 million and is part of the services sector and media industry. Shares are up 21.6% year to date as of the close of trading on Tuesday. Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides certain programming, operating, or sales services to television stations in the United States. TheStreet Ratings rates Sinclair Broadcast Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Sinclair Broadcast Group Ratings Report.
Should campaigners, publishers, broadcasters and politicos start calling Donald Trump "low-budget Trump"? At this point, yes. But broadcasters shouldn't fret about expected political advertising dollars. Here's why.