Salem Media Group (NASDAQ:SALM) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Salem Media Group (NASDAQ:SALM) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Price Performance

Shares of SALM stock opened at $0.32 on Wednesday. Salem Media Group has a fifty-two week low of $0.24 and a fifty-two week high of $1.08. The firm has a market capitalization of $8.58 million, a price-to-earnings ratio of -0.19 and a beta of 0.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.64 and a current ratio of 0.66. The stock’s 50-day simple moving average is $0.36 and its 200-day simple moving average is $0.47.

Salem Media Group Company Profile

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.