Gray Media (NYSE:GTN.A) Hits New 52-Week Low – Time to Sell?

Gray Media Inc. (NYSE:GTN.AGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.31 and last traded at $5.31, with a volume of 218 shares trading hands. The stock had previously closed at $5.81.

Gray Media Stock Performance

The company has a market cap of $601.43 million, a PE ratio of -9.57 and a beta of 0.48. The firm’s fifty day moving average is $6.49 and its 200 day moving average is $8.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73.

Gray Media (NYSE:GTN.AGet Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The business had revenue of $839.00 million for the quarter.

About Gray Media

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Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses across the United States. Its stations provide local news, weather, sports, public affairs programming and entertainment through network-affiliated and independent channels, while the company’s digital platforms extend that content to websites, mobile applications and connected-TV services.

The company also operates businesses involved in television production, content distribution and digital advertising.

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