Spanish Broadcasting System (OTCMKTS:SBSAA) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.33 and traded as low as $0.0050. Spanish Broadcasting System shares last traded at $0.0050, with a volume of 8,750 shares changing hands.

Spanish Broadcasting System Trading Down 42.5%

The stock has a fifty day simple moving average of $0.06 and a two-hundred day simple moving average of $0.33. The company has a market cap of $42,800.00, a PE ratio of -0.01 and a beta of 4.08.

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.