Positive News Coverage Somewhat Unlikely to Impact Salem Media Group (SALM) Stock Price

News stories about Salem Media Group (NASDAQ:SALM) have trended positive on Sunday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, 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 gave press coverage about the company an impact score of 46.8127768781505 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Salem Media Group traded down $0.33, hitting $3.93, during trading on Friday, MarketBeat Ratings reports. 245,895 shares of the company were exchanged, compared to its average volume of 107,434. The firm has a market capitalization of $111.21 million, a price-to-earnings ratio of 17.84 and a beta of 1.18. Salem Media Group has a fifty-two week low of $3.10 and a fifty-two week high of $6.95. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 1.08.

Salem Media Group (NASDAQ:SALM) last posted its earnings results on Wednesday, August 8th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.16). The business had revenue of $66.27 million for the quarter, compared to analyst estimates of $65.65 million. Salem Media Group had a return on equity of 1.90% and a net margin of 7.98%. analysts anticipate that Salem Media Group will post 0.33 earnings per share for the current year.

A number of equities research analysts recently issued reports on SALM shares. ValuEngine raised Salem Media Group from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Noble Financial reaffirmed a “buy” rating on shares of Salem Media Group in a research report on Wednesday, May 9th. Zacks Investment Research raised Salem Media Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Gabelli reaffirmed a “buy” rating on shares of Salem Media Group in a research report on Wednesday, June 20th.

In related news, EVP Christopher J. Henderson sold 4,365 shares of the business’s stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $6.25, for a total transaction of $27,281.25. Following the transaction, the executive vice president now directly owns 4,365 shares of the company’s stock, valued at approximately $27,281.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 59.99% of the stock is currently owned by insiders.

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 radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime.

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Insider Buying and Selling by Quarter for Salem Media Group (NASDAQ:SALM)

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