Salem Media Group (NASDAQ:SALM) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

Salem Media Group Stock Up 2.1 %

Salem Media Group stock opened at $0.36 on Friday. The firm has a market capitalization of $9.73 million, a P/E ratio of -0.21 and a beta of 0.87. 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 has a twelve month low of $0.24 and a twelve month high of $1.02. The stock’s fifty day simple moving average is $0.36 and its 200-day simple moving average is $0.44.

About Salem Media Group

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.