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

StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note published on Monday. The firm issued a hold rating on the stock.

Salem Media Group Trading Down 11.8 %

NASDAQ SALM opened at $0.60 on Monday. The firm’s fifty day simple moving average is $0.30 and its two-hundred day simple moving average is $0.27. The firm has a market capitalization of $16.33 million, a P/E ratio of -1.76 and a beta of 0.31. Salem Media Group has a 12-month low of $0.15 and a 12-month high of $0.85.

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.