Stock analysts at StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.
Salem Media Group Stock Down 3.8 %
Shares of SALM opened at $0.70 on Wednesday. Salem Media Group has a one year low of $0.15 and a one year high of $0.85. The business has a fifty day moving average of $0.39 and a 200 day moving average of $0.30.
Salem Media Group (NASDAQ:SALM – Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.24) EPS for the quarter. Salem Media Group had a negative net margin of 3.80% and a negative return on equity of 5.79%. The business had revenue of $58.72 million for the quarter.
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.
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