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 research note published on Wednesday. The firm issued a hold rating on the stock.

Salem Media Group Stock Performance

Shares of SALM opened at $0.38 on Wednesday. The company has a 50-day simple moving average of $0.36 and a 200-day simple moving average of $0.46. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.16. Salem Media Group has a 52-week low of $0.24 and a 52-week high of $1.08.

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.