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

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

Salem Media Group Stock Performance

SALM opened at $0.25 on Friday. The company has a fifty day moving average of $0.26 and a two-hundred day moving average of $0.28. Salem Media Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.76. The stock has a market capitalization of $6.81 million, a price-to-earnings ratio of -0.74 and a beta of 0.71.

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.