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.
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