StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.
Salem Media Group Stock Down 5.0 %
Shares of NASDAQ:SALM opened at $0.26 on Monday. The firm’s 50 day simple moving average is $0.26 and its 200-day simple moving average is $0.30. Salem Media Group has a one year low of $0.20 and a one year high of $0.80.
Salem Media Group (NASDAQ:SALM – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter. Salem Media Group had a negative net margin of 13.66% and a negative return on equity of 5.79%. The firm had revenue of $60.61 million for the quarter.
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.
See Also
- Five stocks we like better than Salem Media Group
- What Does Downgrade Mean in Investing?
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- Canada Bond Market Holiday: How to Invest and Trade
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- Why is the Ex-Dividend Date Significant to Investors?
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
Receive News & Ratings for Salem Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group and related companies with MarketBeat.com's FREE daily email newsletter.
