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

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

Salem Media Group Trading Up 1.6 %

Shares of Salem Media Group stock opened at $0.68 on Friday. The company’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $0.37. The company has a market cap of $18.59 million, a price-to-earnings ratio of -2.01 and a beta of 0.32. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.92.

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.