Salem Media Group (NASDAQ:SALM) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Salem Media Group Price Performance

NASDAQ:SALM opened at $0.80 on Friday. The business has a fifty day simple moving average of $0.52 and a two-hundred day simple moving average of $0.35. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.92. The company has a market capitalization of $21.68 million, a P/E ratio of -2.34 and a beta of 0.32.

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.