Equities researchers at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.
Salem Media Group Stock Up 3.9 %
Shares of NASDAQ SALM opened at $0.26 on Tuesday. The stock has a fifty day moving average price of $0.26 and a two-hundred day moving average price of $0.30. Salem Media Group has a 1 year low of $0.20 and a 1 year high of $0.80.
Salem Media Group (NASDAQ:SALM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $60.61 million during the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 13.66%.
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.
Featured Stories
- Five stocks we like better than Salem Media Group
- What Makes a Stock a Good Dividend Stock?
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- How to Calculate Options Profits
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Salem Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group and related companies with MarketBeat.com's FREE daily email newsletter.
