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

Gray Media Inc. (NYSE:GTN.A) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.80, but opened at $8.06. Gray Media shares last traded at $8.4050, with a volume of 4,964 shares traded.

Gray Media Trading Down 5.3%

The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $808.55 million, a PE ratio of 19.32 and a beta of 0.96. The company’s 50 day moving average price is $8.92 and its 200 day moving average price is $9.69.

Gray Media (NYSE:GTN.A) last announced its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. Gray Media had a return on equity of 5.50% and a net margin of 2.81%.The business had revenue of $749.00 million for the quarter.

About Gray Media

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.