Gray Media (NYSE:GTN.A) Trading Down 5.9% – What’s Next?

Shares of Gray Media Inc. (NYSE:GTN.A) fell 5.9% on Wednesday . The stock traded as low as $7.89 and last traded at $8.0450. 2,027 shares changed hands during trading, an increase of 2% from the average session volume of 1,982 shares. The stock had previously closed at $8.55.

Gray Media Trading Up 12.5%

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’s 50 day moving average price is $8.87 and its 200-day moving average price is $9.68. The firm has a market cap of $956.58 million, a price-to-earnings ratio of 22.85 and a beta of 0.96.

Gray Media (NYSE:GTN.A) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $749.00 million during 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.