StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.
Salem Media Group Stock Performance
Shares of NASDAQ:SALM opened at $0.83 on Thursday. The company has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $0.33. Salem Media Group has a 12-month low of $0.15 and a 12-month high of $0.92.
Salem Media Group (NASDAQ:SALM – Get Free Report) last released its earnings results on Friday, November 8th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $58.72 million during the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 3.80%.
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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