StockNews.com Begins Coverage on Salem Media Group (NASDAQ:SALM)

Research analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Salem Media Group Price Performance

SALM stock opened at $0.52 on Wednesday. The stock has a market capitalization of $14.15 million, a P/E ratio of -1.53 and a beta of 0.28. Salem Media Group has a 1-year low of $0.15 and a 1-year high of $0.92. The business has a fifty day moving average price of $0.66 and a 200-day moving average price of $0.42.

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.