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

Equities research analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Performance

NASDAQ SALM opened at $0.20 on Friday. The stock has a market cap of $5.31 million, a price-to-earnings ratio of -0.57 and a beta of 0.71. The business has a 50 day simple moving average of $0.23 and a 200 day simple moving average of $0.25. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.65.

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.