Salem Media Group Inc. (SALM) Plunges 6.01% on April 15

Equities Staff  |

Salem Media Group Inc. (SALM) had a rough trading day for Monday April 15 as shares tumbled 6.01%, or a loss of $-0.14 per share, to close at $2.19. After opening the day at $2.32, shares of Salem Media Group Inc. traded as high as $2.32 and as low as $2.10. Volume was 126,292 shares over 532 trades, against an average daily volume of n/a shares and a total float of 26.19 million.

As a result of the decline, Salem Media Group Inc. now has a market cap of $57.35 million. In the last year, shares of Salem Media Group Inc. have traded between a range of $6.25 and $2.03, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Salem Media Group Inc., check out Equities.com’s Stock Valuation Analysis report for SALM.

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Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The Company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web. Salem derives a substantial part of total revenues from the sale of advertising.

Salem Media Group Inc. is based out of Camarillo, CA and has some 1,552 employees. Its CEO is Edward G. Atsinger.

Salem Media Group Inc. is a component of the Russell 2000. 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.

To get more information on Salem Media Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: SALM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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