Salem Media Group (NASDAQ:SALM) Now Covered by Analysts at Wall Street Zen

Wall Street Zen initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Salem Media Group Stock Up 18.9%

Salem Media Group stock opened at $1.13 on Wednesday. The firm has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $0.65. The firm has a market capitalization of $30.76 million, a price-to-earnings ratio of -3.32 and a beta of -0.15. Salem Media Group has a 52-week low of $0.15 and a 52-week high of $2.09.

About Salem Media Group

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.