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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report issued on Sunday. The firm set a “hold” rating on the stock.

Salem Media Group Trading Up 1.9 %

Shares of NASDAQ:SALM opened at $0.74 on Friday. Salem Media Group has a twelve month low of $0.15 and a twelve month high of $0.85. The company has a market cap of $20.14 million, a PE ratio of -2.18 and a beta of 0.71. The company’s 50 day moving average is $0.26 and its 200 day moving average is $0.26.

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.