Gray Media (NYSE:GTN.A) Shares Gap Down – Here’s Why

Gray Media Inc. (NYSE:GTN.A – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $5.87, but opened at $5.49. Gray Media shares last traded at $5.92, with a volume of 262 shares changing hands.

Gray Media Stock Up 4.4%

The company has a quick ratio of 0.95, a current ratio of 0.92 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $631.27 million, a price-to-earnings ratio of 21.14 and a beta of 0.46. The business’s 50-day moving average is $5.84 and its 200-day moving average is $8.50.

Gray Media (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $972.00 million for the quarter. Gray Media had a return on equity of 2.98% and a net margin of 1.84%.

About Gray Media

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Gray Media, Inc., formerly known as Gray Television, is a U.S. multimedia company focused on local television broadcasting. It owns and operates television stations that provide local news, weather, sports and entertainment programming, along with network and syndicated content. The company’s stations serve communities across the United States and include affiliates of major broadcast networks. Gray Media also offers digital advertising and marketing services and produces original content through its broadcast and production operations.

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