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

Salem Media Group, Inc. (NASDAQ:SALM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.44 and traded as high as $0.51. Salem Media Group shares last traded at $0.49, with a volume of 8,256 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Salem Media Group in a research note on Friday. They set a “hold” rating on the stock.

Salem Media Group Trading Down 3.1 %

The firm has a market cap of $13.34 million, a PE ratio of -1.44 and a beta of 0.10. The company has a 50 day moving average price of $0.61 and a 200 day moving average price of $0.44.

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.