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

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

Salem Media Group Trading Up 1.8 %

Shares of SALM opened at $0.57 on Tuesday. The business’s 50 day moving average is $0.67 and its 200 day moving average is $0.41. The company has a market capitalization of $15.51 million, a PE ratio of -1.68 and a beta of 0.28. Salem Media Group has a 12-month low of $0.15 and a 12-month high of $0.92.

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.