Salem Media Group (NASDAQ:SALM) Coverage Initiated by Analysts at StockNews.com

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

Salem Media Group Trading Up 2.0 %

Shares of NASDAQ SALM opened at $0.56 on Tuesday. The stock has a market cap of $15.24 million, a price-to-earnings ratio of -1.65 and a beta of 0.28. Salem Media Group has a 52 week low of $0.15 and a 52 week high of $0.92. The company’s 50-day moving average price is $0.67 and its 200 day moving average price is $0.41.

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.