Salem Media Group (NASDAQ:SALM) Coverage Initiated by Analysts at StockNews.com

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

Salem Media Group Stock Performance

Shares of Salem Media Group stock opened at $0.70 on Tuesday. The company’s 50 day moving average is $0.35 and its 200 day moving average is $0.29. Salem Media Group has a twelve month low of $0.15 and a twelve month high of $0.85.

Salem Media Group (NASDAQ:SALM) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.24) earnings per share for the quarter. Salem Media Group had a negative net margin of 3.80% and a negative return on equity of 5.79%. The company had revenue of $58.72 million for the quarter.

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.