Gray Media (NYSE:GTN.A) Shares Gap Down – Here’s What Happened

Gray Media Inc. (NYSE:GTN.AGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.90, but opened at $8.53. Gray Media shares last traded at $8.11, with a volume of 2,137 shares changing hands.

Gray Media Trading Down 2.8%

The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50 day moving average of $9.10 and a 200 day moving average of $9.69. The firm has a market cap of $820.80 million, a P/E ratio of 19.61 and a beta of 0.96.

Gray Media (NYSE:GTN.AGet Free Report) last released its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The firm 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%.

About Gray Media

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Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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