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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note published on Thursday. The brokerage issued a hold rating on the stock.

Salem Media Group Price Performance

Shares of SALM stock opened at $0.18 on Thursday. The firm’s 50-day moving average is $0.23 and its two-hundred day moving average is $0.25. Salem Media Group has a 12 month low of $0.15 and a 12 month high of $0.65. The company has a market capitalization of $4.76 million, a PE ratio of -0.51 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.