Salem Media Group (NASDAQ:SALM) Research Coverage Started at StockNews.com

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

Salem Media Group Stock Performance

SALM stock opened at $0.26 on Friday. The company has a market capitalization of $6.94 million, a price-to-earnings ratio of -0.20 and a beta of 0.71. Salem Media Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.80. The stock has a fifty day moving average of $0.26 and a 200-day moving average of $0.28.

Salem Media Group (NASDAQ:SALM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $60.61 million for the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 13.66%.

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.