Sirius XM Radio Reaches New 52-Week High (SIRI)

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) -- Sirius XM Radio (Nasdaq: SIRI) hit a new 52-week high Friday as it is currently trading at $3.11, above its previous 52-week high of $3.10 with 43.2 million shares traded as of 10:35 a.m. ET. Average volume has been 75.7 million shares over the past 30 days.

Sirius XM Radio has a market cap of $15.73 billion and is part of the services sector and media industry. Shares are up 4.5% year to date as of the close of trading on Thursday.

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts approximately 135 channels, including music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. The company has a P/E ratio of 5.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sirius XM Radio Ratings Report.

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