Salem Media Group (NASDAQ:SALM) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Salem Media Group, Inc. (NASDAQ:SALM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.84 and traded as high as $0.93. Salem Media Group shares last traded at $0.93, with a volume of 24,487 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Salem Media Group in a research report on Wednesday, May 21st. They set a “hold” rating for the company.

Salem Media Group Stock Up 0.5%

The company has a 50 day moving average of $0.96 and a 200-day moving average of $0.84. The stock has a market capitalization of $25.31 million, a P/E ratio of -2.74 and a beta of -0.36.

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.