Salem Media Group (NASDAQ:SALM) Shares Pass Above 200-Day Moving Average – What’s Next?

Salem Media Group, Inc. (NASDAQ:SALMGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.35 and traded as high as $0.82. Salem Media Group shares last traded at $0.80, with a volume of 14,028 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Salem Media Group in a research report on Friday. They issued a “hold” rating for the company.

Check Out Our Latest Stock Analysis on SALM

Salem Media Group Stock Down 1.4 %

The company has a market capitalization of $21.37 million, a PE ratio of -2.31 and a beta of 0.32. The company has a 50-day moving average price of $0.53 and a two-hundred day moving average price of $0.35.

About Salem Media Group

(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.

Read More

Receive News & Ratings for Salem Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group and related companies with MarketBeat.com's FREE daily email newsletter.