Salem Media Group (NASDAQ:SALM) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Performance

NASDAQ:SALM opened at $0.63 on Friday. The company has a market cap of $17.15 million, a price-to-earnings ratio of -1.85 and a beta of 0.32. Salem Media Group has a fifty-two week low of $0.15 and a fifty-two week high of $0.92. The stock has a fifty day moving average price of $0.65 and a 200-day moving average price of $0.39.

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.