Spanish Broadcasting System (OTCMKTS:SBSAA) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.18 and traded as low as $0.1650. Spanish Broadcasting System shares last traded at $0.1650, with a volume of 800 shares traded.

Spanish Broadcasting System Price Performance

The stock’s 50-day moving average price is $0.23 and its 200 day moving average price is $0.18. The firm has a market capitalization of $1.41 million, a PE ratio of -0.18 and a beta of 5.64.

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

About Spanish Broadcasting System

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.