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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

Salem Media Group Price Performance

Shares of SALM stock opened at $0.22 on Tuesday. The stock’s 50-day moving average is $0.25 and its 200 day moving average is $0.26. Salem Media Group has a 1-year low of $0.20 and a 1-year high of $0.65.

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.