Gray Media (NYSE:GTN.A) Reaches New 52-Week Low – Here’s What Happened

Shares of Gray Media Inc. (NYSE:GTN.A) reached a new 52-week low on Tuesday . The stock traded as low as $5.44 and last traded at $5.44, with a volume of 570 shares traded. The stock had previously closed at $5.81.

Gray Media Stock Down 6.8%

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 company has a market cap of $566.41 million, a price-to-earnings ratio of -9.02 and a beta of 0.49. The stock has a fifty day moving average price of $6.71 and a two-hundred day moving average price of $9.06.

Gray Media (NYSE:GTN.A) last released its quarterly earnings results on Friday, August 7th. The company reported $0.21 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.

Gray Media Company Profile

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.