NEW YORK ( TheStreet) -- Shares of Nexstar Broadcasting Group (Nasdaq: NXST) have taken a tremendous swing upward. The stock is trading at $9.30 as of 12:12 p.m. ET, 26.5% above Tuesday's closing price of $7.35. Volume is at 221,608, 3.2 times the daily average of 68,500.

Nexstar Broadcasting Group has a market cap of $106.8 million and is part of the services sector and media industry. Shares are up 22.7% year to date as of the close of trading on Tuesday.

Nexstar Broadcasting Group, Inc., a television broadcasting company, engages in the acquisition, development, and operation of television stations in medium-sized markets in the United States.

TheStreet Ratings rates Nexstar Broadcasting Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full Nexstar Broadcasting Group Ratings Report.

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