Equities researchers at StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a report released on Saturday. The firm set a “hold” rating on the stock.
Salem Media Group Price Performance
Shares of SALM opened at $0.23 on Friday. The business’s 50 day moving average is $0.30 and its 200 day moving average is $0.34. Salem Media Group has a 12-month low of $0.20 and a 12-month high of $1.02.
Salem Media Group (NASDAQ:SALM – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $58.61 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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