Gray Media (NYSE:GTN.A) Trading Down 11.4% – What’s Next?

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

Gray Media Trading Down 11.4%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $1.25 billion, a P/E ratio of 29.83 and a beta of 0.90. The stock has a 50 day moving average of $10.92 and a 200-day moving average of $10.30.

Gray Media (NYSE:GTN.A) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The business 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%.

Gray Media Company Profile

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.