Gray Media (NYSE:GTN.A) Shares Down 4.9% – Here’s What Happened

by · The Cerbat Gem

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s stock price was down 4.9% during mid-day trading on Wednesday . The stock traded as low as $9.45 and last traded at $8.53. Approximately 1,713 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 3,517 shares. The stock had previously closed at $8.97.

Gray Media Price Performance

The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $870.83 million, a PE ratio of 20.80 and a beta of 0.96. The company has a 50-day moving average price of $9.20 and a 200-day moving average price of $9.72.

Gray Media (NYSE:GTN.A – Get Free Report) last announced its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $749.00 million during the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.

Gray Media Company Profile

(Get Free Report)

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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