Salem Media Group (NASDAQ:SALM) Now Covered by StockNews.com

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Friday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of SALM opened at $0.79 on Friday. Salem Media Group has a fifty-two week low of $0.15 and a fifty-two week high of $0.92. The business has a 50-day moving average of $0.55 and a 200 day moving average of $0.35. The firm has a market cap of $21.37 million, a P/E ratio of -2.31 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.