NEW YORK ( TheStreet) -- Shares of Spanish Broadcasting System (Nasdaq: SBSA) have taken a tremendous swing upward. The stock is trading at $5 as of 3 p.m. ET, 21.4% above Wednesday's closing price of $4.12. Volume is at 328,814, 2.9 times the daily average of 114,900. Spanish Broadcasting System has a market cap of $30.7 million and is part of the services sector and media industry. Shares are up 816.7% year to date as of the close of trading on Wednesday. Spanish Broadcasting System, Inc. operates as a Hispanic-controlled media and entertainment company in the United States. The company has a P/E ratio of 7.3, above the average media industry P/E ratio of 4.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Spanish Broadcasting System as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Spanish Broadcasting System 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.