Salem Media Group, Inc. (NASDAQ:SALM – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.57 and traded as high as $0.98. Salem Media Group shares last traded at $0.9730, with a volume of 6,562 shares traded.
Salem Media Group Stock Performance
The stock has a market capitalization of $30.83 million, a price-to-earnings ratio of -2.86 and a beta of -0.05. The stock’s 50 day moving average is $0.82 and its 200 day moving average is $0.57.
About Salem Media Group
Salem Media Group is a U.S.-based media company that specializes in producing and distributing Christian and conservative content. The company operates a network of AM and FM radio stations, digital platforms, publishing divisions and live events designed to engage audiences seeking faith-based and culturally conservative perspectives. Salem’s content portfolio includes talk shows, sermon broadcasts, music programming and news segments that reflect its mission to inspire and inform listeners and readers across multiple channels.
In its radio division, Salem Media Group owns and programs more than 100 stations in leading U.S.
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