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

Analysts at StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Salem Media Group Price Performance

Shares of SALM stock opened at $0.17 on Thursday. The company has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.25. Salem Media Group has a one year low of $0.15 and a one year 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.