StockNews.com assumed coverage on shares of Salem Media Group (NASDAQ:SALM – Free Report) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.
Salem Media Group Stock Up 4.0 %
Salem Media Group stock opened at $0.26 on Friday. Salem Media Group has a 52-week low of $0.20 and a 52-week high of $1.02. The firm’s fifty day moving average is $0.31 and its 200 day moving average is $0.35.
Salem Media Group (NASDAQ:SALM – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $58.61 million for the quarter.
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.
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