SBA Reaches New 52-Week High (SBAC)

NEW YORK ( TheStreet) -- SBA Communications (Nasdaq: SBAC) hit a new 52-week high Monday as it is currently trading at $55.96, above its previous 52-week high of $55.85 with 1.2 million shares traded as of 2:05 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

SBA has a market cap of $6.55 billion and is part of the services sector and diversified services industry. Shares are up 25.7% year to date as of the close of trading on Friday.

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, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full SBA Ratings Report.

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