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 note published on Monday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Down 10.0 %

Salem Media Group stock opened at $0.54 on Monday. The stock has a 50-day simple moving average of $0.69 and a 200 day simple moving average of $0.40. Salem Media Group has a 12-month low of $0.15 and a 12-month high of $0.92. The stock has a market capitalization of $14.70 million, a price-to-earnings ratio of -1.59 and a beta of 0.28.

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.