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 research note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Up 9.8 %

Shares of NASDAQ SALM opened at $0.21 on Friday. The firm’s 50-day moving average price is $0.22 and its 200-day moving average price is $0.24. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.58. The company has a market cap of $5.62 million, a PE ratio of -0.61 and a beta of 0.71.

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.