Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA – Get Free Report) shares dropped 50% on Thursday . The stock traded as low as $0.15 and last traded at $0.15. Approximately 29,113 shares were traded during trading, an increase of 99% from the average daily volume of 14,644 shares. The stock had previously closed at $0.30.
Spanish Broadcasting System Stock Performance
The firm’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.32. The company has a market capitalization of $1.28 million, a P/E ratio of 0.88 and a beta of 3.66.
About Spanish Broadcasting System
Spanish Broadcasting System, Inc operates as a Spanish-language media and entertainment company in the United States. It operates in two segments, Radio and Television. The company produces and distributes Spanish-language content, including radio programs, television shows, and music and live entertainment.
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