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 report sent to investors on Saturday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Performance

SALM opened at $0.20 on Friday. The company has a market cap of $5.44 million, a PE ratio of -0.59 and a beta of 0.71. The stock has a 50-day moving average of $0.22 and a 200-day moving average of $0.24. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $0.44.

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.