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

StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Friday. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Down 1.4 %

Salem Media Group stock opened at $0.79 on Friday. Salem Media Group has a one year low of $0.15 and a one year high of $0.92. The business’s fifty day moving average is $0.53 and its 200 day moving average is $0.35.

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.