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

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

Salem Media Group Price Performance

Shares of Salem Media Group stock opened at $0.70 on Wednesday. The stock has a 50 day moving average of $0.39 and a 200 day moving average of $0.30. Salem Media Group has a 12 month low of $0.15 and a 12 month high of $0.85.

Salem Media Group (NASDAQ:SALM) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.24) earnings per share for the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 3.80%. The business had revenue of $58.72 million during the quarter.

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.