Gray Media (NYSE:GTN.A) Trading Down 4.9% – Time to Sell?

Shares of Gray Media Inc. (NYSE:GTN.A) were down 4.9% on Tuesday . The company traded as low as $7.95 and last traded at $7.95. Approximately 889 shares were traded during trading, a decline of 93% from the average daily volume of 12,653 shares. The stock had previously closed at $8.36.

Gray Media Stock Performance

The stock has a market cap of $770.55 million, a P/E ratio of -4.90 and a beta of 0.63. The company has a fifty day moving average price of $10.98 and a 200 day moving average price of $10.89. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.20 and a quick ratio of 1.20.

Gray Media (NYSE:GTN.A) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.

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.