April 2, 2012
Spanish Broadcasting System, Inc (NASDAQ:SBSA) hit the list of price gainers on closing the weekly session.
After more than a monthly trading well below the value of $5.00 Spanish Broadcasting System, Inc (NASDAQ:SBSA) started heading up on opening the trading session on Friday (March, 30). Following the week of pretty stable trading with minor ups and downs the shares of the company gained additional 43.31% or $2.04 per share. Before the closing bell the shares of SBSA stopped at $6.75, which is higher than both its 50-day and 200-day moving average.
At the current price the market capitalization of the company stands at $43.92 mllion which refers the company to group of the small cap companies.
The shares of SBSA experienced the recent increase following the reported financial results for the fourth quarter. Thus, the company’s reported revenue amounts to $38.2 million, which is $ 3.3 million or 9.00% higher than its revenues for the corresponding period in 2010 that reached $34.9 million. According to the company’s management the increase in the company’s share price results from the national ratio revenues in the markets of New York and Puerto Rico.
Following the increase in share price the company’s trading volume amounted to 3.18 million shares as compared to the average number of traded shares that is equal to 287,739.00 shares. The company owns 6.51 million outstanding shares distributed among stock investment portfolios.
At the present stage the company involves a certain deal of risks for potential investors, given that its beta is equal to 1.35, which means that the stock is more volatile than the market.
On the basis of the results reported for the last four quarters the company’s P/E ratio is equal to 4.47, while the net income per share calculated on the basis of the recent quarterly report amounts to 6.51.
Spanish Broadcasting System, Inc. is engaged in Broadcasting and Cable TV industry. The company conducts its operations in two market segments including radio and television.