SBA Communications Corp (SBAC): Today's Featured Diversified Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SBA Communications ( SBAC) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day down 0.1%. By the end of trading, SBA Communications fell $1.20 (-1.4%) to $87.84 on light volume. Throughout the day, 894,981 shares of SBA Communications exchanged hands as compared to its average daily volume of 1,292,300 shares. The stock ranged in price between $87.67-$89.39 after having opened the day at $89.35 as compared to the previous trading day's close of $89.04. Other companies within the Diversified Services industry that declined today were: Swisher Hygiene ( SWSH), down 9.5%, Genetic Technologies ( GENE), down 8.2%, China HGS Real Estate ( HGSH), down 7.8% and Acorn Energy ( ACFN), down 7.2%.

SBA Communications Corporation owns and operates wireless communications towers in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, Panama, and Brazil. SBA Communications has a market cap of $11.4 billion and is part of the services sector. Shares are down 0.9% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate SBA Communications a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SBA Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the positive front, General Employment ( JOB), up 12.8%, Mistras Group ( MG), up 8.0%, CTPartners Executive Search ( CTP), up 6.3% and VirtualScopics ( VSCP), up 5.9% , were all gainers within the diversified services industry with Myriad Genetics ( MYGN) being today's featured diversified services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

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