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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report report published on Monday. The firm issued a hold rating on the stock.

Salem Media Group Stock Performance

NASDAQ SALM opened at $0.55 on Monday. The stock has a 50-day simple moving average of $0.69 and a two-hundred day simple moving average of $0.40. The firm has a market capitalization of $14.97 million, a P/E ratio of -1.62 and a beta of 0.28. Salem Media Group has a fifty-two week low of $0.15 and a fifty-two week high of $0.92.

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.