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

StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note released on Wednesday morning. The firm issued a hold rating on the stock.

Salem Media Group Trading Up 20.9 %

Shares of NASDAQ:SALM opened at $0.38 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.64 and a current ratio of 0.66. The company has a fifty day simple moving average of $0.36 and a 200 day simple moving average of $0.46. Salem Media Group has a 12-month low of $0.24 and a 12-month high of $1.08.

Salem Media Group Company Profile

Salem Media Group, Inc operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides 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.