SBA Communications (Nasdaq:SBAC) hit a new 52-week high Wednesday as it is currently trading at $65.58, above its previous 52-week high of $65.33 with 48,617 shares traded as of 9:40 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- SBA Communications (Nasdaq: SBAC) hit a new 52-week high Wednesday as it is currently trading at $65.58, above its previous 52-week high of $65.33 with 48,617 shares traded as of 9:40 a.m. ET. Average volume has been 1.4 million shares over the past 30 days. SBA has a market cap of $7.85 billion and is part of the services sector and diversified services industry. Shares are up 51.7% 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.
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TheStreet Ratings rates SBA as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and generally higher debt management risk. You can view the full SBA Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.