Salem Media Group, Inc. (NASDAQ:SALM – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.29 and traded as high as $0.64. Salem Media Group shares last traded at $0.60, with a volume of 34,201 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Salem Media Group in a research note on Tuesday. They issued a “hold” rating for the company.
Get Our Latest Stock Analysis on Salem Media Group
Salem Media Group Stock Performance
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.
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