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

by · The Markets Daily

Gray Media Inc. (NYSE:GTN.A – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $7.05, but opened at $5.76. Gray Media shares last traded at $5.76, with a volume of 319 shares traded.

Gray Media Stock Down 8.6%

The firm has a 50-day moving average price of $5.87 and a two-hundred day moving average price of $8.71. The company has a market capitalization of $598.31 million, a P/E ratio of -9.52 and a beta of 0.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73.

Gray Media (NYSE:GTN.A – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%. The firm had revenue of $839.00 million during the quarter.

Gray Media Company Profile

(Get Free Report)

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.

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