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

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

Salem Media Group Stock Down 3.5 %

Shares of Salem Media Group stock opened at $0.23 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.64 and a current ratio of 0.66. Salem Media Group has a 1-year low of $0.20 and a 1-year high of $1.02. The business has a 50-day moving average of $0.32 and a 200-day moving average of $0.36.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $58.61 million for the quarter. Salem Media Group had a negative return on equity of 8.47% and a negative net margin of 17.49%.

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.