Research analysts at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.
Salem Media Group Trading Up 2.8 %
Shares of SALM opened at $0.72 on Wednesday. Salem Media Group has a 52 week low of $0.15 and a 52 week high of $0.85. The firm’s 50-day simple moving average is $0.41 and its 200 day simple moving average is $0.31.
Salem Media Group (NASDAQ:SALM – Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.24) EPS for the quarter. Salem Media Group had a negative net margin of 3.80% and a negative return on equity of 5.79%. The company had revenue of $58.72 million during the quarter.
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.
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