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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report published on Saturday. The firm issued a hold rating on the stock.

Salem Media Group Price Performance

NASDAQ SALM opened at $0.67 on Friday. Salem Media Group has a 12 month low of $0.15 and a 12 month high of $0.92. The company has a market capitalization of $18.31 million, a P/E ratio of -1.98 and a beta of 0.32. The company’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.37.

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.