Gray Media (NYSE:GTN.A) Shares Gap Down – Time to Sell?

Gray Media Inc. (NYSE:GTN.A – Get Free Report) shares gapped down before the market opened on Thursday. The stock had previously closed at $7.05, but opened at $5.76. Gray Media shares last traded at $5.76, with a volume of 319 shares trading hands.

Gray Media Trading Down 4.2%

The firm has a market cap of $586.99 million, a P/E ratio of -9.34 and a beta of 0.46. The stock has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $8.64. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

Gray Media (NYSE:GTN.A – Get Free Report) last issued its quarterly earnings data 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 negative net margin of 0.83% and a negative return on equity of 1.12%.

Gray Media Company Profile

(Get Free Report)

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.

Further Reading

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