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

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

Salem Media Group Trading Down 4.1 %

SALM stock opened at $0.71 on Friday. The stock has a market cap of $19.33 million, a PE ratio of -2.09 and a beta of 0.31. The stock has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.26. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.85.

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.