Salem Media Group (NASDAQ:SALM) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Salem Media Group Trading Down 3.4 %

Shares of Salem Media Group stock opened at $0.28 on Thursday. The company has a fifty day moving average price of $0.26 and a 200 day moving average price of $0.29. Salem Media Group has a twelve month low of $0.20 and a twelve month high of $0.80. The stock has a market cap of $7.62 million, a price-to-earnings ratio of -0.22 and a beta of 0.70.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $60.61 million during the quarter. Salem Media Group had a negative net margin of 13.66% and a negative return on equity of 5.79%.

Salem Media Group Company Profile

Salem Media Group, Inc operates as a multimedia company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio stations; offers programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.