Gray Media (NYSE:GTN.A) Shares Gap Down – Time to Sell?

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $5.87, but opened at $5.49. Gray Media shares last traded at $5.92, with a volume of 262 shares.

Gray Media Stock Up 4.4%

The stock has a market capitalization of $631.27 million, a PE ratio of 21.14 and a beta of 0.46. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.92 and a quick ratio of 0.95. The business’s fifty day moving average price is $5.84 and its two-hundred day moving average price is $8.50.

Gray Media (NYSE:GTN.A – Get Free Report) last released its earnings results on Friday, November 6th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $972.00 million for the quarter. Gray Media had a return on equity of 2.98% and a net margin of 1.84%.

Gray Media Company Profile

(Get Free Report)

Gray Media, Inc., formerly known as Gray Television, is a U.S. multimedia company focused on local television broadcasting. It owns and operates television stations that provide local news, weather, sports and entertainment programming, along with network and syndicated content. The company’s stations serve communities across the United States and include affiliates of major broadcast networks. Gray Media also offers digital advertising and marketing services and produces original content through its broadcast and production operations.

Further Reading

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