Sirius XM Radio Rises On Unusually High Volume (SIRI)
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NEW YORK (TheStreet) -- Sirius XM Radio (SIRI">SIRI) is trading at unusually high volume Tuesday with 94.1 million shares changing hands. It is currently at two times its average daily volume and trading up 14 cents (+4.4%) at $3.20 as of 1:30 p.m. ET.
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Sirius XM Radio has a market cap of $20.06 billion and is part of the services sector and media industry. Shares are up 8% year to date as of the close of trading on Monday.
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 6.1, 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Sirius XM Radio Ratings Report.
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