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

Investment analysts at StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Up 4.7 %

SALM stock opened at $0.40 on Wednesday. The stock has a market capitalization of $10.83 million, a P/E ratio of -0.24 and a beta of 0.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.64. Salem Media Group has a fifty-two week low of $0.24 and a fifty-two week high of $1.08. The business has a 50-day moving average of $0.36 and a 200-day moving average of $0.47.

About Salem Media Group

Salem Media Group, Inc operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides 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.