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

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

Salem Media Group Trading Up 16.7 %

NASDAQ:SALM opened at $0.70 on Monday. The business’s 50-day moving average is $0.31 and its 200 day moving average is $0.28. Salem Media Group has a 12 month low of $0.15 and a 12 month high of $0.85. The company has a market capitalization of $19.05 million, a P/E ratio of -2.06 and a beta of 0.31.

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.