DALLAS, March 30, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Sirius XM Radio Inc. (SIRI) has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. The SIRIUS system consists of four in-orbit satellites, approximately 125 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. The XM system consists of four in-orbit satellites, over 650 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. Subscribers can also receive certain of its music and other channels over the Internet. As of December 31, 2009, SIRI had 18,772,758 subscribers. In addition, the Company offers music channels as part of certain programming packages of the DISH Network satellite television service.
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In the report, the analyst notes:
"Shares of the satellite radio service provider gained 0.58% to close Tuesday at $1.73. In the past 52 weeks, SIRI has traded between a low of $0.82 and a high of $1.88. Approximately 17.34 million shares have traded hands during the session, versus the 10-day average volume of 44.67 million. SIRI is currently trading below its 50-day of $1.76 and above its 200-day moving average $1.50. Market capitalization currently stands at $6.81 billion and it has 3.93 billion outstanding shares."
"The Company last week announced that it has commenced a tender offer to purchase for cash any and all of its 3 1/4% Convertible Notes due 2011. The tender offer is scheduled to expire at 12 midnight, New York City time on Wednesday, April 20, 2011."
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