SBA Stock Hits New 52-Week High (SBAC)

NEW YORK ( TheStreet) -- SBA Communications (Nasdaq: SBAC) hit a new 52-week high Wednesday as it is currently trading at $51.53, above its previous 52-week high of $51.51 with 407,170 shares traded as of 10:25 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

SBA has a market cap of $5.9 billion and is part of the services sector and diversified services industry. Shares are up 18.5% year to date as of the close of trading on Tuesday.

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

TheStreet Ratings rates SBA as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full SBA Ratings Report.

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