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

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report issued on Tuesday morning. The firm issued a hold rating on the stock.

Salem Media Group Stock Up 5.7 %

Shares of Salem Media Group stock opened at $0.74 on Tuesday. The stock has a market cap of $20.14 million, a price-to-earnings ratio of -2.18 and a beta of 0.31. Salem Media Group has a twelve month low of $0.15 and a twelve month high of $0.85. The company’s fifty day moving average is $0.36 and its 200 day moving average is $0.29.

Salem Media Group (NASDAQ:SALM) last announced its earnings results on Friday, November 8th. The company reported ($0.24) EPS for the quarter. The company had revenue of $58.72 million for the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 3.80%.

Salem Media Group Company Profile

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.