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

Equities researchers at StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of Salem Media Group stock opened at $0.22 on Tuesday. Salem Media Group has a 12-month low of $0.20 and a 12-month high of $0.65. The company has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.26.

Salem Media Group Company Profile

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.