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

Stock analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Salem Media Group Price Performance

Shares of NASDAQ SALM opened at $0.62 on Friday. The stock’s 50-day moving average is $0.64 and its two-hundred day moving average is $0.38. Salem Media Group has a 1-year low of $0.15 and a 1-year high of $0.92. The company has a market cap of $16.94 million, a price-to-earnings ratio of -1.83 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.