StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Get Free Report) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.
Salem Media Group Price Performance
Shares of NASDAQ SALM opened at $0.25 on Monday. The stock’s 50-day moving average is $0.27 and its 200 day moving average is $0.33. Salem Media Group has a 1-year low of $0.20 and a 1-year high of $0.98.
Salem Media Group (NASDAQ:SALM – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter. The business had revenue of $58.61 million for the quarter.
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.
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