SBA Rises On Unusually High Volume (SBAC)

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) is trading at unusually high volume Friday with 3.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $2.21 (+3.3%) at $69.96 as of 3:41 p.m. ET.

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SBA has a market cap of $8.56 billion and is part of the services sector and diversified services industry. Shares are down 4.6% 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.

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, generally higher debt management risk and feeble growth in the company's earnings per share. You can view the full SBA Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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