Salem Media Group (NASDAQ:SALM) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

Salem Media Group Stock Down 7.0%

SALM stock opened at $1.23 on Tuesday. The firm has a 50 day moving average of $0.89 and a 200 day moving average of $0.61. The stock has a market capitalization of $33.48 million, a PE ratio of -3.62 and a beta of -0.15. Salem Media Group has a 52 week low of $0.15 and a 52 week high of $2.09.

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.