StockNews.com Begins Coverage on Salem Media Group (NASDAQ:SALM)

StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Performance

Shares of SALM stock opened at $0.53 on Wednesday. The stock has a 50 day moving average price of $0.66 and a 200 day moving average price of $0.42. The firm has a market capitalization of $14.42 million, a P/E ratio of -1.56 and a beta of 0.28. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.92.

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.