Sina Corp. (NASDAQ:SINA) hit a new 52-week high during trading on Wednesday . The company traded as high as $78.32 and last traded at $75.54, with a volume of 2,779,563 shares changing hands. The stock had previously closed at $75.48.

A number of brokerages have commented on SINA. Brean Capital reissued a “buy” rating on shares of Sina Corp. in a research report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Sina Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, TheStreet raised shares of Sina Corp. to a “buy” rating in a research report on Friday, August 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $57.03.

The firm has a 50 day moving average price of $63.04 and a 200 day moving average price of $52.38. The firm has a market capitalization of $5.52 billion and a PE ratio of 63.77.

Sina Corp. (NASDAQ:SINA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. During the same period last year, the firm earned $0.06 earnings per share. The business had revenue of $244 million for the quarter, compared to analyst estimates of $231.09 million. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts forecast that Sina Corp. will post $1.08 earnings per share for the current year.

Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.