Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Monday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Up 6.3 %

NASDAQ:SALM opened at $0.68 on Monday. The stock has a market cap of $18.51 million, a P/E ratio of -2.00 and a beta of 0.31. The business’s 50-day moving average price is $0.30 and its two-hundred day moving average price is $0.27. Salem Media Group has a twelve month low of $0.15 and a twelve month high of $0.85.

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.