Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

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

Salem Media Group Stock Performance

Shares of Salem Media Group stock opened at $0.20 on Friday. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.65. The company’s 50 day moving average price is $0.23 and its 200-day moving average price is $0.25. The stock has a market capitalization of $5.55 million, a price-to-earnings ratio of -0.60 and a beta of 0.71.

About Salem Media Group

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.