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

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

Salem Media Group Stock Down 8.6 %

Shares of SALM opened at $0.51 on Thursday. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.92. The company has a market cap of $14.01 million, a PE ratio of -1.51 and a beta of 0.28. The business has a fifty day moving average of $0.64 and a 200 day moving average of $0.43.

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.