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

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

Salem Media Group Stock Performance

SALM stock opened at $0.84 on Thursday. The stock has a market capitalization of $22.73 million, a price-to-earnings ratio of -2.46 and a beta of 0.31. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.86. The stock’s fifty day moving average is $0.45 and its two-hundred day moving average is $0.32.

Salem Media Group (NASDAQ:SALM) last posted its earnings results on Friday, November 8th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $58.72 million during the quarter. Salem Media Group had a negative net margin of 3.80% and a negative return on equity of 5.79%.

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.