Gray Media (NYSE:GTN.A) Shares Down 13.2% – Time to Sell?

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s share price fell 13.2% during trading on Friday. The stock traded as low as $5.60 and last traded at $5.99. 713 shares were traded during trading, a decline of 91% from the average session volume of 8,144 shares. The stock had previously closed at $6.90.

Gray Media Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of $574.63 million, a price-to-earnings ratio of -9.15 and a beta of 0.57. The stock’s 50 day moving average price is $5.68 and its two-hundred day moving average price is $7.55.

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

About Gray Media

(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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