StockNews.com Begins Coverage on Salem Media Group (NASDAQ:SALM)

StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALMGet Free Report) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Price Performance

NASDAQ SALM opened at $0.29 on Tuesday. Salem Media Group has a 12 month low of $0.24 and a 12 month high of $1.02. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.64. The stock’s 50 day moving average is $0.35 and its 200 day moving average is $0.39.

Salem Media Group (NASDAQ:SALMGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter. The company had revenue of $58.61 million during the quarter. Salem Media Group had a negative return on equity of 8.47% and a negative net margin of 17.49%.

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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