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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of Salem Media Group stock opened at $1.10 on Tuesday. The company has a market capitalization of $29.94 million, a PE ratio of -3.24 and a beta of -0.15. The company has a 50-day simple moving average of $0.90 and a two-hundred day simple moving average of $0.62. Salem Media Group has a one year low of $0.15 and a one year high of $2.09.

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.