StockNews.com Begins Coverage on Salem Media Group (NASDAQ:SALM)

Research analysts at StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued on Monday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of NASDAQ:SALM opened at $0.21 on Monday. The firm has a 50 day simple moving average of $0.26 and a 200 day simple moving average of $0.27. Salem Media Group has a 52 week low of $0.20 and a 52 week high of $0.65.

About Salem Media Group

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.