Gray Media (NYSE:GTN.A) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $8.36, but opened at $7.92. Gray Media shares last traded at $7.91, with a volume of 909 shares trading hands.

Gray Media Trading Down 4.1%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 2.72. The company has a fifty day simple moving average of $10.92 and a 200-day simple moving average of $10.88. The company has a market capitalization of $812.67 million, a PE ratio of -5.17 and a beta of 0.63.

Gray Media (NYSE:GTN.A – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter. Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%.

Gray Media Company Profile

(Get Free Report)

Gray Media, doing business as Gray Television, Inc, operates an extensive network of local television stations and digital platforms across the United States. The company’s broadcast portfolio offers a mix of network-affiliated programming—ranging from national news and entertainment from ABC, CBS, NBC and Fox—to locally produced content including news, sports and weather coverage. In addition to traditional broadcast, Gray Media provides digital advertising, streaming and over-the-top solutions through its websites, mobile apps and branded digital marketplaces.

Established in 1946 as Gray Communications Systems, the company went public in 2006 and adopted the Gray Television name in 2010.

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