Spanish Broadcasting System (OTCMKTS:SBSAA) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.36 and traded as high as $0.64. Spanish Broadcasting System shares last traded at $0.64, with a volume of 6,500 shares traded.

Spanish Broadcasting System Trading Up 204.8%

The business’s fifty day moving average price is $0.64 and its 200-day moving average price is $0.36.

Spanish Broadcasting System (OTCMKTS:SBSAA) last announced its earnings results on Wednesday, December 3rd. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $31.26 million for the quarter.

Spanish Broadcasting System Company Profile

Spanish Broadcasting System, Inc is a leading multimedia company serving the U.S. Hispanic audience through a diversified portfolio of radio, digital and television assets. Headquartered in Miami, Florida, the company operates Spanish-language radio stations, online streaming platforms and live entertainment events aimed at Hispanic listeners and advertisers. Its media properties include flagship FM and AM radio stations in major markets, digital streaming apps and websites that deliver music, news and cultural programming.

The company’s core business centers on radio broadcasting, operating over a dozen stations across New York, Los Angeles, Miami, San Francisco, Chicago and Puerto Rico.