Salem Media Group (SALM) Getting Favorable Press Coverage, Report Finds
News articles about Salem Media Group (NASDAQ:SALM) have been trending positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Salem Media Group earned a coverage optimism score of 0.44 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8127768781505 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Salem Media Group, Inc. (SALM) CEO Edward Atsinger on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Salem Media Falls on Disappointing Quarter (sfvbj.com)
- Salem Media Group (SALM) Given “Hold” Rating at Noble Financial (americanbankingnews.com)
- Salem Media slides 15.7% on Q2 results (seekingalpha.com)
- Salem Media Group Q2 Broadcast Revenues Up 2.7% (news.radio-online.com)
SALM traded down $0.33 during trading on Friday, hitting $3.93. The stock had a trading volume of 245,895 shares, compared to its average volume of 107,434. The company has a market capitalization of $111.21 million, a PE ratio of 17.84 and a beta of 1.18. Salem Media Group has a one year low of $3.10 and a one year high of $6.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 1.13.
SALM has been the subject of several recent research reports. ValuEngine upgraded Salem Media Group from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Noble Financial restated a “buy” rating on shares of Salem Media Group in a research note on Wednesday, May 9th. Zacks Investment Research upgraded Salem Media Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, Gabelli restated a “buy” rating on shares of Salem Media Group in a research note on Wednesday, June 20th.
In related news, EVP Christopher J. Henderson sold 4,365 shares of the business’s stock in a transaction on Friday, July 6th. The stock was sold at an average price of $6.25, for a total value of $27,281.25. Following the completion of the sale, the executive vice president now directly owns 4,365 shares in the company, valued at approximately $27,281.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 59.99% of the company’s stock.
Salem Media Group Company Profile
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 radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime.
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