Research analysts at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a report released on Sunday. The firm set a “hold” rating on the stock.
Salem Media Group Stock Down 3.7 %
Shares of SALM opened at $0.26 on Friday. The company has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.30. Salem Media Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.80.
Salem Media Group (NASDAQ:SALM – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter. Salem Media Group had a negative net margin of 13.66% and a negative return on equity of 5.79%. The firm had revenue of $60.61 million during the quarter.
Salem Media Group Company Profile
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.
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