StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research note published on Saturday. The brokerage issued a hold rating on the stock.
Salem Media Group Stock Performance
Shares of NASDAQ SALM opened at $0.25 on Friday. Salem Media Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.80. The business’s 50 day moving average price is $0.26 and its 200-day moving average price is $0.28.
Salem Media Group (NASDAQ:SALM – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 13.66%. The business had revenue of $60.61 million for the quarter.
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.
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