SBA Reaches New 52-Week High (SBAC)

NEW YORK ( TheStreet) -- SBA Communications (Nasdaq: SBAC) hit a new 52-week high Tuesday as it is currently trading at $47.32, above its previous 52-week high of $47.28 with 256,879 shares traded as of 10:50 a.m. ET. Average volume has been one million shares over the past 30 days.

SBA has a market cap of $4.89 billion and is part of the services sector and diversified services industry. Shares are up 9.2% year to date as of the close of trading on Monday.

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

TheStreet Ratings rates SBA as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and impressive record of earnings per share growth. 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 SBA Ratings Report.

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