Spanish Broadcasting System Stock Soars (SBSA)

NEW YORK ( TheStreet) -- Shares of Spanish Broadcasting System (Nasdaq: SBSA) have taken a tremendous swing upward. The stock is trading at $6.73 as of 3:29 p.m. ET, 42.9% above Thursday's closing price of $4.71. Volume is at three million, 26.2 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 Thursday.

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.

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