Salem Media Group (NASDAQ:SALM) Shares Cross Above 200-Day Moving Average – What’s Next?

Salem Media Group, Inc. (NASDAQ:SALM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.42 and traded as high as $0.50. Salem Media Group shares last traded at $0.46, with a volume of 3,865 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Salem Media Group in a research report on Wednesday. They set a “hold” rating for the company.

Salem Media Group Stock Performance

The business’s 50 day moving average price is $0.66 and its 200-day moving average price is $0.42. The firm has a market capitalization of $14.15 million, a PE ratio of -1.53 and a beta of 0.28.

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.