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

StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note released on Wednesday. The firm issued a hold rating on the stock.

Salem Media Group Price Performance

Salem Media Group stock opened at $0.52 on Wednesday. The firm has a market cap of $14.15 million, a PE ratio of -1.53 and a beta of 0.28. The stock’s fifty day moving average price is $0.66 and its two-hundred day moving average price is $0.42. Salem Media Group has a one year low of $0.15 and a one year high of $0.92.

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.