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

Gray Media Inc. (NYSE:GTN.A)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $13.49, but opened at $12.73. Gray Media shares last traded at $13.2060, with a volume of 104 shares.

Gray Media Trading Down 0.9%

The business’s 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $10.16. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $1.28 billion, a PE ratio of 30.61 and a beta of 0.89.

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

Gray Media Company Profile

Gray Media, doing business as Gray Television, Inc, operates an extensive network of local television stations and digital platforms across the United States. The company’s broadcast portfolio offers a mix of network-affiliated programming—ranging from national news and entertainment from ABC, CBS, NBC and Fox—to locally produced content including news, sports and weather coverage. In addition to traditional broadcast, Gray Media provides digital advertising, streaming and over-the-top solutions through its websites, mobile apps and branded digital marketplaces.

Established in 1946 as Gray Communications Systems, the company went public in 2006 and adopted the Gray Television name in 2010.