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 $3.65 as of 11:45 a.m. ET, 22.5% above Tuesday's closing price of $2.98. Volume is at 73,616, 0.4 times the daily average of 188,400.

Spanish Broadcasting System has a market cap of $12 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 Tuesday.

Spanish Broadcasting System, Inc., together with its subsidiaries, operates as a Spanish-language 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 2.1 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 a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins. 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.

null

More from Markets

Dow Hits Another Closing High to End Record Setting Week

Dow Hits Another Closing High to End Record Setting Week

Yet Another Tesla Exec Leaves Amid Festering Finance Questions

Yet Another Tesla Exec Leaves Amid Festering Finance Questions

Walmart Joins Micron, Apple, in Saying They're Victims of Trump Tariffs

Walmart Joins Micron, Apple, in Saying They're Victims of Trump Tariffs

Oil Pares Gain on Report OPEC Considering Production Hike

Oil Pares Gain on Report OPEC Considering Production Hike

Fed's Fork in The Road: Higher Rates or Pause?

Fed's Fork in The Road: Higher Rates or Pause?