Sirius XM Radio Rises On Unusually High Volume (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) is trading at unusually high volume Thursday with 94.2 million shares changing hands. It is currently at two times its average daily volume and trading up 11 cents (+3.3%) at $3.41 as of 3:50 p.m. ET.

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Sirius XM Radio has a market cap of $21.75 billion and is part of the services sector and media industry. Shares are up 14.2% year to date as of the close of trading on Wednesday.

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts 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 6.2, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Sirius XM Radio Ratings Report.

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