Salem Media Group (NASDAQ:SALM) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report published on Thursday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Performance

Shares of Salem Media Group stock opened at $0.24 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average price is $0.32 and its 200-day moving average price is $0.36. Salem Media Group has a 52-week low of $0.20 and a 52-week high of $1.02.

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

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.