Salem Media Group Inc. (SALM) was among the biggest gainers on the Russell 2000 for Friday February 19 as the stock popped 5.63% to $4.62, representing a gain of $0.246 per share. Some 27,436 shares traded hands on 160 trades, compared with an average daily volume of 23,806 shares out of a total float of 25.46 million. The stock opened at $4.41 and traded with an intraday range of $4.65 to $4.32.
After today's gains, Salem Media Group Inc. reached a market cap of $117.54 million. Salem Media Group Inc. has had a trading range between $7.50 and $3.60 over the last year, and it had a 50-day SMA of $4.45 and a 200-day SMA of $5.44.
The stock has a P/E Ratio of 19.
Salem Media Group Inc is a domestic multi-media company with integrated operations consisting of radio broadcasting, digital media, and publishing.
Salem Media Group Inc. is based out of Camarillo, CA and has some 1,605 employees. Its CEO is Edward G. Atsinger.
For a complete fundamental analysis analysis of Salem Media Group Inc., check out Equities.com’s Stock Valuation Analysis report for SALM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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