Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

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

Salem Media Group Stock Up 22.9 %

NASDAQ SALM opened at $0.40 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.64. Salem Media Group has a 52-week low of $0.24 and a 52-week high of $1.08. The firm has a 50-day moving average price of $0.36 and a 200 day moving average price of $0.45.

About Salem Media Group

Salem Media Group, Inc operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides 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.