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

Research analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Salem Media Group Trading Down 3.7 %

Shares of NASDAQ:SALM opened at $0.46 on Wednesday. The company has a 50 day moving average of $0.66 and a 200 day moving average of $0.42. The stock has a market cap of $12.52 million, a P/E ratio of -1.35 and a beta of 0.28. Salem Media Group has a 12 month low of $0.15 and a 12 month 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.