Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s share price dropped 14% on Thursday . The stock traded as low as $7.05 and last traded at $7.05. 274 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 10,954 shares. The stock had previously closed at $8.20.
Gray Media Stock Performance
The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average price of $9.41 and a 200 day moving average price of $10.80. The firm has a market capitalization of $801.37 million, a PE ratio of -5.10 and a beta of 0.51.
Gray Media (NYSE:GTN.A – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.
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.
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