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

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

Salem Media Group Stock Performance

SALM opened at $0.48 on Tuesday. Salem Media Group has a fifty-two week low of $0.15 and a fifty-two week high of $0.92. The company has a fifty day moving average of $0.67 and a two-hundred day moving average of $0.41. The stock has a market capitalization of $13.13 million, a price-to-earnings ratio of -1.42 and a beta of 0.28.

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.