Gray Media (NYSE:GTN.A) Shares Down 7.9% – Should You Sell?

Gray Media Inc. (NYSE:GTN.A) shares were down 7.9% during mid-day trading on Tuesday . The stock traded as low as $13.20 and last traded at $12.9560. Approximately 1,196 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 2,713 shares. The stock had previously closed at $14.06.

Gray Media Stock Up 0.5%

The firm has a market cap of $1.44 billion, a P/E ratio of 34.48 and a beta of 0.89. The firm’s 50-day moving average price is $9.54 and its 200 day moving average price is $10.05. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $749.00 million for the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.

About Gray Media

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.