Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Price Performance

Shares of Salem Media Group stock opened at $0.63 on Friday. Salem Media Group has a 1 year low of $0.15 and a 1 year high of $0.92. The firm has a market cap of $17.21 million, a PE ratio of -1.86 and a beta of 0.32. The stock has a fifty day moving average price of $0.66 and a 200-day moving average price of $0.39.

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.