Gray Media (NYSE:GTN.A) Hits New 52-Week Low – Time to Sell?

Gray Media Inc. (NYSE:GTN.AGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $5.31 and last traded at $5.31, with a volume of 218 shares traded. The stock had previously closed at $5.81.

Gray Media Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The firm has a market cap of $590.08 million, a P/E ratio of -9.39 and a beta of 0.48. The company has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $8.77.

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

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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