StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research report released on Wednesday morning. The firm issued a hold rating on the stock.
Salem Media Group Stock Performance
Shares of SALM stock opened at $0.70 on Wednesday. Salem Media Group has a twelve month low of $0.15 and a twelve month high of $0.85. The firm has a fifty day simple moving average of $0.40 and a 200-day simple moving average of $0.31.
Salem Media Group (NASDAQ:SALM – Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.24) earnings per share for the quarter. Salem Media Group had a negative net margin of 3.80% and a negative return on equity of 5.79%. The firm had revenue of $58.72 million during 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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