Gray Media (NYSE:GTN.A) Trading Down 6.9% – What’s Next?

Gray Media Inc. (NYSE:GTN.A)’s stock price fell 6.9% on Tuesday . The stock traded as low as $9.55 and last traded at $9.80. 8,552 shares were traded during mid-day trading, a decline of 29% from the average session volume of 11,980 shares. The stock had previously closed at $10.53.

Gray Media Price Performance

The firm has a market capitalization of $878.41 million, a P/E ratio of -5.59 and a beta of 0.63. The business has a 50-day moving average of $11.16 and a 200 day moving average of $10.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 2.72.

Gray Media (NYSE:GTN.A) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) EPS for the quarter. Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%.

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.