Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

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

Salem Media Group Price Performance

Salem Media Group stock opened at $0.22 on Tuesday. The company’s 50 day moving average is $0.25 and its two-hundred day moving average is $0.26. The firm has a market cap of $6.07 million, a PE ratio of -0.66 and a beta of 0.71. Salem Media Group has a 52-week low of $0.20 and a 52-week high of $0.65.

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.