Salem Media Group (NASDAQ:SALM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Salem Media Group, Inc. (NASDAQ:SALM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.73 and traded as high as $0.91. Salem Media Group shares last traded at $0.89, with a volume of 28,130 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Salem Media Group in a research note on Wednesday, May 21st. They set a “hold” rating for the company.

Salem Media Group Trading Up 5.9%

The business has a 50-day moving average price of $1.10 and a 200 day moving average price of $0.73. The stock has a market capitalization of $24.22 million, a P/E ratio of -2.62 and a beta of -0.30.

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.