StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a report published on Monday. The firm issued a hold rating on the stock.
Salem Media Group Price Performance
Salem Media Group stock opened at $0.29 on Monday. Salem Media Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.80. The stock has a 50-day simple moving average of $0.26 and a 200-day simple moving average of $0.30.
Salem Media Group (NASDAQ:SALM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter. Salem Media Group had a negative net margin of 13.66% and a negative return on equity of 5.79%. The firm had revenue of $60.61 million during the quarter.
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.
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