Shares of Radio Center Group (NYSE:RC) have taken a tremendous swing upward. The stock is trading at $10.89 as of 2:40 p.m. ET, 25.5% above Tuesday's closing price of $8.68. Volume is at 17,697, 22.1 times the daily average of 800.
NEW YORK ( TheStreet) -- Shares of Radio Center Group (NYSE: RC) have taken a tremendous swing upward. The stock is trading at $10.89 as of 2:40 p.m. ET, 25.5% above Tuesday's closing price of $8.68. Volume is at 17,697, 22.1 times the daily average of 800. Radio Center Group has a market cap of $159.1 million and is part of the services sector and media industry. Shares are down 6% year to date as of the close of trading on Tuesday. Grupo Radio Centro, S.A.B. de C.V., a radio broadcasting company, through its subsidiaries, engages in the production and broadcasting of music, entertainment, news, and special event programs principally in Mexico. The company has a P/E ratio of 35.2, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Radio Center Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, impressive record of earnings per share growth and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Radio Center Group Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.