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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report published on Friday. The firm issued a hold rating on the stock.

Salem Media Group Trading Down 4.4 %

SALM stock opened at $0.20 on Friday. The company has a market cap of $5.31 million, a price-to-earnings ratio of -0.57 and a beta of 0.71. The firm has a 50-day moving average of $0.23 and a two-hundred day moving average of $0.25. Salem Media Group has a 12 month low of $0.15 and a 12 month high of $0.65.

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.