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Relatively Low Current Ratio Detected in Shares of Salem Media Grou in the Broadcasting Industry (SALM, NXST, CBS, TSQ, TGNA)

By David Diaz

Below are the three companies in the Broadcasting industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

Salem Media Grou ranks lowest with a a current ratio of 1.1. Following is Nexstar Media-A with a a current ratio of 1.6. Cbs Corp-B ranks third lowest with a a current ratio of 1.6.

Townsquare Med-A follows with a a current ratio of 1.9, and Tegna Inc rounds out the bottom five with a a current ratio of 2.0.

SmarTrend recommended that its subscribers protect gains by selling shares of Salem Media Grou on July 16th, 2018 by issuing a Downtrend alert when the shares were trading at $4.63. Since that call, shares of Salem Media Grou have fallen 41.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest current ratio salem media grou nexstar media-a cbs corp-b townsquare med-a tegna inc

Ticker(s): SALM NXST CBS TSQ TGNA