Salem Media Group (NASDAQ:SALM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Salem Media Group, Inc. (NASDAQ:SALMGet Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.41 and traded as high as $0.61. Salem Media Group shares last traded at $0.55, with a volume of 6,441 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Salem Media Group in a research note on Tuesday. They set a “hold” rating for the company.

View Our Latest Research Report on Salem Media Group

Salem Media Group Stock Up 1.8 %

The company has a market cap of $15.51 million, a price-to-earnings ratio of -1.68 and a beta of 0.28. The business has a fifty day simple moving average of $0.67 and a 200 day simple moving average of $0.41.

Salem Media Group Company Profile

(Get Free Report)

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.

Further Reading

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