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 Friday as it is currently trading at $67.41, above its previous 52-week high of $67.22 with 48,504 shares traded as of 10 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. SBA has a market cap of $8.39 billion and is part of the services sector and diversified services industry. Shares are up 54.5% year to date as of the close of trading on Thursday. SBA Communications Corporation owns and operates wireless communications towers primarily in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, and Panama. The company has a P/E ratio of -54, below the S&P 500 P/E ratio of 17.7.
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