StockNews.com Initiates Coverage on Salem Media Group (NASDAQ:SALM)

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.

Salem Media Group Price Performance

Shares of NASDAQ SALM opened at $0.22 on Tuesday. Salem Media Group has a 1 year low of $0.20 and a 1 year high of $0.65. The company has a market capitalization of $6.07 million, a price-to-earnings ratio of -0.66 and a beta of 0.71. The business has a 50-day moving average of $0.25 and a two-hundred day moving average of $0.26.

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.