Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Salem Media Group Price Performance

Shares of Salem Media Group stock opened at $0.67 on Friday. The business has a fifty day simple moving average of $0.60 and a two-hundred day simple moving average of $0.37. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.92. The company has a market capitalization of $18.31 million, a price-to-earnings ratio of -1.98 and a beta of 0.32.

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.