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

NEW YORK ( TheStreet) -- Sirius XM Radio (Nasdaq: SIRI) hit a new 52-week high Thursday as it is currently trading at $3.65, above its previous 52-week high of $3.62 with 3.2 million shares traded as of 9:35 a.m. ET. Average volume has been 58.6 million shares over the past 30 days.

Sirius XM Radio has a market cap of $22.93 billion and is part of the services sector and media industry. Shares are up 24.2% 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.

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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 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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