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

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

Salem Media Group Trading Down 4.1 %

SALM opened at $0.71 on Friday. The stock’s fifty day simple moving average is $0.26 and its 200 day simple moving average is $0.26. Salem Media Group has a 1-year low of $0.15 and a 1-year high of $0.85. The stock has a market cap of $19.33 million, a PE ratio of -2.09 and a beta of 0.31.

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.