Gray Media (NYSE:GTN.A) Shares Down 17.6% – Here’s Why

Gray Media Inc. (NYSE:GTN.A – Get Free Report) traded down 17.6% on Tuesday. The stock traded as low as $8.23 and last traded at $8.23. 138,024 shares changed hands during trading, an increase of 1,383% from the average daily volume of 9,310 shares. The stock had previously closed at $9.99.

Gray Media Stock Performance

The stock has a market capitalization of $850.65 million, a price-to-earnings ratio of -13.54 and a beta of 0.46. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The company’s 50-day simple moving average is $5.84 and its 200-day simple moving average is $8.78.

Gray Media (NYSE:GTN.A – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%. The firm had revenue of $839.00 million for the quarter.

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.

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