Spanish Broadcasting System (OTCMKTS:SBSAA) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Spanish Broadcasting System, Inc. (OTCMKTS:SBSAAGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.20 and traded as low as $0.10. Spanish Broadcasting System shares last traded at $0.10, with a volume of 5,000 shares.

Spanish Broadcasting System Stock Performance

The company’s 50 day moving average price is $0.09 and its 200-day moving average price is $0.20. The company has a market cap of $855,000.00, a PE ratio of 0.59 and a beta of 4.67.

Spanish Broadcasting System (OTCMKTS:SBSAAGet Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported ($0.61) earnings per share (EPS) for the quarter. Spanish Broadcasting System had a negative return on equity of 7.21% and a negative net margin of 1.57%. The company had revenue of $27.57 million for the quarter.

About Spanish Broadcasting System

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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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