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

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Performance

NASDAQ SALM opened at $0.26 on Tuesday. Salem Media Group has a 1 year low of $0.20 and a 1 year high of $0.80. The company has a fifty day moving average of $0.26 and a 200 day moving average of $0.30.

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

Salem Media Group Company Profile

(Get Free Report)

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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