Salem Media Group (NASDAQ:SALM) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of NASDAQ SALM opened at $0.55 on Tuesday. The firm’s fifty day moving average is $0.68 and its two-hundred day moving average is $0.41. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.92. The company has a market cap of $14.94 million, a P/E ratio of -1.61 and a beta of 0.28.

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.