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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of SALM opened at $0.68 on Monday. The stock has a market capitalization of $18.51 million, a price-to-earnings ratio of -2.00 and a beta of 0.31. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.85. The stock’s 50-day simple moving average is $0.30 and its 200 day simple moving average is $0.27.

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.