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

Stock analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALMGet Free Report) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Up 9.8 %

Shares of Salem Media Group stock opened at $0.21 on Friday. The company has a market capitalization of $5.62 million, a price-to-earnings ratio of -0.61 and a beta of 0.71. The stock’s 50-day simple moving average is $0.22 and its 200-day simple moving average is $0.25. Salem Media Group has a 52 week low of $0.15 and a 52 week high of $0.58.

About Salem Media Group

(Get Free Report)

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.

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