StockNews.com Begins Coverage on Salem Media Group (NASDAQ:SALM)

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Performance

NASDAQ:SALM opened at $0.21 on Friday. The stock has a 50-day simple moving average of $0.22 and a two-hundred day simple moving average of $0.25. The firm has a market capitalization of $5.62 million, a PE ratio of -0.61 and a beta of 0.71. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.58.

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.