Salem Media Group (NASDAQ:SALM) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Salem Media Group, Inc. (NASDAQ:SALM) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.41 and traded as high as $0.61. Salem Media Group shares last traded at $0.55, with a volume of 6,441 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Salem Media Group in a research report on Tuesday. They issued a “hold” rating on the stock.

Salem Media Group Price Performance

The stock has a market capitalization of $14.94 million, a price-to-earnings ratio of -1.61 and a beta of 0.28. The business’s 50-day simple moving average is $0.68 and its two-hundred day simple moving average is $0.41.

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.