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

Gray Media Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.27, but opened at $9.92. Gray Media shares last traded at $10.18, with a volume of 108 shares trading hands.

Gray Media Price Performance

The stock has a market cap of $1.04 billion, a PE ratio of 24.83 and a beta of 0.96. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $9.75.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.24) EPS for the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%. The business had revenue of $749.00 million for the quarter.

About Gray Media

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.