Salem Media Group (NASDAQ:SALM) Now Covered by StockNews.com

StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Price Performance

SALM stock opened at $0.21 on Friday. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.58. The firm has a 50-day moving average of $0.22 and a 200 day moving average of $0.25. The company has a market cap of $5.62 million, a P/E ratio of -0.61 and a beta of 0.71.

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.