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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued on Monday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Up 1.4 %

Shares of NASDAQ:SALM opened at $1.48 on Monday. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $2.09. The business has a 50-day moving average price of $0.82 and a 200-day moving average price of $0.57. The stock has a market cap of $40.28 million, a price-to-earnings ratio of -4.35 and a beta of -0.15.

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.