Salem Media Group (NASDAQ:SALM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Salem Media Group, Inc. (NASDAQ:SALMGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.63 and traded as high as $0.97. Salem Media Group shares last traded at $0.97, with a volume of 13,224 shares changing hands.

Salem Media Group Price Performance

The firm has a market cap of $30.69 million, a PE ratio of -2.85 and a beta of -0.05. The company’s 50 day moving average price is $0.96 and its 200 day moving average price is $0.64.

Salem Media Group Company Profile

(Get Free Report)

Salem Media Group is a U.S.-based media company that specializes in producing and distributing Christian and conservative content. The company operates a network of AM and FM radio stations, digital platforms, publishing divisions and live events designed to engage audiences seeking faith-based and culturally conservative perspectives. Salem’s content portfolio includes talk shows, sermon broadcasts, music programming and news segments that reflect its mission to inspire and inform listeners and readers across multiple channels.

In its radio division, Salem Media Group owns and programs more than 100 stations in leading U.S.

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