Gray Media (NYSE:GTN.A) Trading Down 10.8% – What’s Next?

Gray Media Inc. (NYSE:GTN.AGet Free Report)’s share price was down 10.8% during trading on Thursday . The company traded as low as $8.61 and last traded at $8.03. Approximately 685 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 972 shares. The stock had previously closed at $9.00.

Gray Media Trading Down 6.5%

The company’s 50 day moving average is $9.27 and its two-hundred day moving average is $9.70. 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 cap of $874.91 million, a P/E ratio of 20.90 and a beta of 0.96.

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

Gray Media Company Profile

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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.

Further Reading

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