Gray Media (NYSE:GTN.A) Stock Falls 17.6% – Time to Sell?

Gray Media Inc. (NYSE:GTN.A) traded down 17.6% during trading on Tuesday. The stock traded as low as $8.23 and last traded at $8.23. 138,024 shares traded hands during trading, an increase of 1,383% from the average daily volume of 9,310 shares. The stock had previously closed at $9.99.

Gray Media Stock Performance

The company has a market cap of $593.16 million, a price-to-earnings ratio of -9.44 and a beta of 0.46. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $5.87 and a 200-day simple moving average of $8.71.

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

Gray Media Company Profile

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.