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

Salem Media Group, Inc. (NASDAQ:SALMGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.43 and traded as high as $0.60. Salem Media Group shares last traded at $0.56, with a volume of 19,377 shares changing hands.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on Salem Media Group

Salem Media Group Stock Performance

The stock has a market capitalization of $14.01 million, a price-to-earnings ratio of -1.51 and a beta of 0.28. The business has a fifty day simple moving average of $0.64 and a 200 day simple moving average of $0.43.

About Salem Media Group

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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.

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