Salem Media Group (NASDAQ:SALM) Receives New Coverage from Analysts at StockNews.com

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

Salem Media Group Stock Performance

NASDAQ:SALM opened at $0.35 on Friday. Salem Media Group has a 1 year low of $0.24 and a 1 year high of $1.02. The firm has a 50 day moving average of $0.37 and a 200-day moving average of $0.43. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.16.

Salem Media Group (NASDAQ:SALMGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter. Salem Media Group had a negative net margin of 17.49% and a negative return on equity of 8.47%. The firm had revenue of $58.61 million during the quarter.

Salem Media Group Company Profile

(Get Free Report)

Salem Media Group, Inc operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides 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.

Further Reading

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