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

Investment analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Salem Media Group Trading Up 1.9 %

Shares of SALM opened at $0.74 on Friday. The company’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.26. The company has a market cap of $20.14 million, a P/E ratio of -2.18 and a beta of 0.71. Salem Media Group has a twelve month low of $0.15 and a twelve 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.