Wall Street Zen Initiates Coverage on Salem Media Group (NASDAQ:SALM)

Research analysts at Wall Street Zen began coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Price Performance

Shares of SALM opened at $0.95 on Wednesday. Salem Media Group has a one year low of $0.15 and a one year high of $2.09. The company has a market cap of $25.86 million, a P/E ratio of -2.79 and a beta of -0.15. The firm has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $0.65.

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.