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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report released on Wednesday. The firm issued a hold rating on the stock.

Salem Media Group Trading Up 20.7 %

Shares of Salem Media Group stock opened at $0.29 on Wednesday. The business has a 50 day simple moving average of $0.34 and a two-hundred day simple moving average of $0.37. Salem Media Group has a 12 month low of $0.24 and a 12 month high of $1.02. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.64.

Salem Media Group (NASDAQ:SALM) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $58.61 million for the quarter. Salem Media Group had a negative return on equity of 8.47% and a negative net margin of 17.49%.

Salem Media Group Company Profile

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.