Gray Media (NYSE:GTN.A) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Gray Media Inc. (NYSE:GTN.A) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.36 and traded as low as $9.30. Gray Media shares last traded at $9.43, with a volume of 1,508 shares traded.

Gray Media Stock Performance

The stock has a market capitalization of $962.71 million, a price-to-earnings ratio of 6.25 and a beta of 1.10. The stock has a 50-day moving average of $10.22 and a 200 day moving average of $9.36. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87.

Gray Media (NYSE:GTN.A) last posted its earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter. The company had revenue of $772.00 million for the quarter. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.

Gray Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, September 15th. Gray Media’s payout ratio is 21.19%.

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.