Gray Media (NYSE:GTN.A) Sets New 1-Year Low – Time to Sell?

Gray Media Inc. (NYSE:GTN.AGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.84 and last traded at $4.84, with a volume of 396 shares changing hands. The stock had previously closed at $5.20.

Gray Media Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73. The firm’s fifty day moving average price is $6.25 and its 200 day moving average price is $8.46. The stock has a market cap of $498.42 million, a PE ratio of -7.93 and a beta of 0.48.

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

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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