Gray Media (NYSE:GTN.A) Stock Price Down 11.4% – Should You Sell?

Gray Media Inc. (NYSE:GTN.A) shares fell 11.4% during trading on Tuesday . The company traded as low as $12.89 and last traded at $12.23. 7,634 shares changed hands during mid-day trading, an increase of 278% from the average session volume of 2,017 shares. The stock had previously closed at $13.80.

Gray Media Price Performance

The company has a market capitalization of $1.25 billion, a P/E ratio of 29.83 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60. The company’s fifty day moving average price is $10.92 and its 200 day moving average price is $10.30.

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

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.