Salem Media Group (NASDAQ:SALM) Shares Pass Above 200-Day Moving Average – What’s Next?

Salem Media Group, Inc. (NASDAQ:SALM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.35 and traded as high as $0.82. Salem Media Group shares last traded at $0.80, with a volume of 14,028 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Salem Media Group in a research report on Friday. They set a “hold” rating for the company.

Salem Media Group Stock Down 1.4 %

The stock has a 50-day simple moving average of $0.53 and a 200-day simple moving average of $0.35. The firm has a market capitalization of $21.37 million, a PE ratio of -2.31 and a beta of 0.32.

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.