Salem Media Group (NASDAQ:SALM) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued to investors on Wednesday. The firm issued a hold rating on the stock.

Salem Media Group Price Performance

Shares of SALM stock opened at $0.20 on Wednesday. Salem Media Group has a 1-year low of $0.20 and a 1-year high of $0.65. The firm’s 50-day simple moving average is $0.24 and its 200-day simple moving average is $0.26. The firm has a market cap of $5.33 million, a P/E ratio of -0.58 and a beta of 0.71.

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.