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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report issued on Saturday. The firm issued a hold rating on the stock.

Salem Media Group Stock Performance

SALM stock opened at $0.68 on Friday. The stock has a market cap of $18.59 million, a P/E ratio of -2.01 and a beta of 0.32. The firm has a 50 day simple moving average of $0.60 and a 200 day simple moving average of $0.37. Salem Media Group has a 52 week low of $0.15 and a 52 week high of $0.92.

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.