StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the stock.
Salem Media Group Stock Up 1.7 %
Shares of NASDAQ:SALM opened at $0.30 on Friday. The firm’s 50 day simple moving average is $0.25 and its 200-day simple moving average is $0.31. Salem Media Group has a one year low of $0.20 and a one year high of $0.80.
Salem Media Group (NASDAQ:SALM – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter. The company had revenue of $60.61 million for the quarter.
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.
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