Gray Media (NYSE:GTN.A) Trading Down 7.3% – Time to Sell?

Shares of Gray Media Inc. (NYSE:GTN.A) dropped 7.3% on Thursday . The stock traded as low as $11.50 and last traded at $11.50. Approximately 585 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 16,281 shares. The stock had previously closed at $12.41.

Gray Media Stock Performance

The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $1.19 billion, a PE ratio of -8.10 and a beta of 0.81. The business has a 50 day moving average price of $11.98 and a two-hundred day moving average price of $10.71.

Gray Media (NYSE:GTN.A) last issued its earnings results on Thursday, February 26th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $792.00 million during the quarter. Gray Media had a negative return on equity of 2.51% and a negative net margin of 2.75%.

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.