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

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research report released on Sunday morning. The firm issued a hold rating on the stock.

Salem Media Group Trading Up 5.8 %

SALM stock opened at $0.28 on Friday. The firm has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.30. Salem Media Group has a 52-week low of $0.20 and a 52-week high of $0.80.

Salem Media Group (NASDAQ:SALM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter. Salem Media Group had a negative return on equity of 5.79% and a negative net margin of 13.66%. The business had revenue of $60.61 million during the quarter.

About Salem Media Group

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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.

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