Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

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

Salem Media Group Price Performance

Shares of SALM opened at $0.73 on Friday. The firm has a market cap of $19.87 million, a P/E ratio of -2.15 and a beta of 0.31. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.85. The company has a 50 day simple moving average of $0.26 and a two-hundred day simple moving average of $0.26.

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.