Salem Media Group (NASDAQ:SALM) is receiving new coverage from analysts at StockNews.com

Stock analysts at StockNews.com have initiated coverage on the stock Salem Media Group (NASDAQ:SALM – Get a Free Report) in a note to investors on Monday. The brokerage set a “hold” rating on the stock.

Salem Media Group trades down 9.0%

Shares of NASDAQ SALM stock opened at $0.27 on Monday. Salem Media Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.80. The stock has a fifty-day moving average of $0.25 and a 200-day moving average of $0.30.

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

Salem Media Group Company Profile

(Get a 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; provides programming for Christian and family talk stations, music stations and news talk stations; place advertisements on Christian radio stations and talk and other commercial radio station formats; and operates the Salem Podcast Network, a platform for conservative, political, news and family-oriented podcasts.

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