StockNews.com Initiates Coverage on Salem Media Group (NASDAQ:SALM)

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

Salem Media Group Stock Performance

Salem Media Group stock opened at $0.26 on Friday. Salem Media Group has a 1-year low of $0.20 and a 1-year high of $0.80. The firm has a market capitalization of $7.07 million, a price-to-earnings ratio of -0.21 and a beta of 0.70. The firm’s fifty day moving average price is $0.26 and its two-hundred day moving average price is $0.29.

Salem Media Group (NASDAQ:SALM) last announced its earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter. The company had revenue of $60.61 million during the quarter. Salem Media Group had a negative net margin of 13.66% and a negative return on equity of 5.79%.

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.