StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research report released on Sunday morning. The firm issued a hold rating on the stock.
Salem Media Group Trading Up 5.8 %
SALM stock opened at $0.28 on Friday. The firm has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.30. Salem Media Group has a 52-week low of $0.20 and a 52-week high of $0.80.
Salem Media Group (NASDAQ:SALM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 13.66%. The business 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.
Featured Stories
- Five stocks we like better than Salem Media Group
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- How to Use Stock Screeners to Find Stocks
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- Investing In Automotive Stocks
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Salem Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group and related companies with MarketBeat.com's FREE daily email newsletter.
