BOCA RATON, FLA. — On April 23, Salem Media Group shares dipped to their lowest value since July 2009.
A $1.85 closing price was seen for SALM, which will release its second quarter earnings results within the next two weeks.
With its stock starting Monday’s trading at $2.09 and earnings forecasts projecting anywhere from a 1% revenue dip to a 1% revenue climb, Simply Wall St. on July 19 noted that “some shareholders are rather upset.”
They may be a bit happier now, as Salem has moved forward with trimming its station roster in the Sunshine State.
