Gray Media (NYSE:GTN.A) Shares Gap Down – What’s Next?

Gray Media Inc. (NYSE:GTN.A)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $6.40, but opened at $5.80. Gray Media shares last traded at $5.80, with a volume of 100 shares trading hands.

Gray Media Price Performance

The stock has a fifty day moving average of $5.67 and a 200 day moving average of $7.62. 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 stock has a market cap of $648.77 million, a price-to-earnings ratio of -10.33 and a beta of 0.57.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings data 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 during the quarter.

About Gray Media

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.