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

Gray Media Inc. (NYSE:GTN.A) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $4.57 and last traded at $4.98, with a volume of 3,756 shares trading hands. The stock had previously closed at $5.03.

Gray Media Trading Down 1.0%

The firm has a market capitalization of $512.84 million, a price-to-earnings ratio of -8.16 and a beta of 0.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95. The business has a fifty day moving average price of $5.78 and a 200 day moving average price of $7.96.

Gray Media (NYSE:GTN.A) last issued its earnings results on Friday, August 7th. The company reported $0.21 earnings per share 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 for the quarter.

Gray Media Company Profile

Gray Media, Inc (NYSE: GTN.A) 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, serving viewers through broadcast television, websites, mobile applications and other digital platforms.

The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.