Salem Media Group (NASDAQ:SALM) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Salem Media Group, Inc. (NASDAQ:SALM)’s share price 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 traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Salem Media Group in a report on Tuesday. They issued a “hold” rating on the stock.

Salem Media Group Stock Performance

The stock’s fifty day moving average price is $0.35 and its two-hundred day moving average price is $0.29.

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

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.