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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report report published on Monday morning. The firm issued a hold rating on the stock.

Salem Media Group Stock Down 6.0 %

Shares of SALM stock opened at $1.46 on Monday. Salem Media Group has a 12 month low of $0.15 and a 12 month high of $2.09. The company has a market cap of $39.74 million, a PE ratio of -4.29 and a beta of -0.15. The business’s 50 day moving average is $0.80 and its two-hundred day moving average is $0.57.

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.