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Salem Communications Corp. (NASDAQ:SALM) shares reached a new 52-week low on Friday , AnalystRatings.NET reports. The company traded as low as $5.04 and last traded at $8.17, with a volume of 59,863 shares traded. The stock had previously closed at $8.63.

The stock has a 50-day moving average of $9.23 and a 200-day moving average of $9.01. The company has a market cap of $206.7 million and a P/E ratio of 13.44.

Salem Communications Corporation (NASDAQ:SALM) is a domestic multi-media company with integrated business operations covering radio broadcasting, publishing and the Internet.

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