SBA Stock Hits New 52-Week High (SBAC)

NEW YORK ( TheStreet) -- SBA Communications (Nasdaq: SBAC) hit a new 52-week high Thursday as it is currently trading at $53.08, above its previous 52-week high of $52.97 with 248,299 shares traded as of 10:10 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

SBA has a market cap of $5.97 billion and is part of the services sector and diversified services industry. Shares are up 22.2% year to date as of the close of trading on Wednesday.

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 solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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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