Salem Media Group (NASDAQ:SALM) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Salem Media Group, Inc. (NASDAQ:SALM)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.37 and traded as high as $0.69. Salem Media Group shares last traded at $0.67, with a volume of 20,172 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Salem Media Group in a research note on Saturday. They issued a “hold” rating for the company.

Salem Media Group Stock Performance

The business has a 50 day moving average of $0.60 and a two-hundred day moving average of $0.37. The firm has a market capitalization of $18.31 million, a price-to-earnings ratio of -1.98 and a beta of 0.32.

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.