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

by · The Markets Daily

Gray Media Inc. (NYSE:GTN.A – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $8.49, but opened at $8.16. Gray Media shares last traded at $8.30, with a volume of 101 shares changing hands.

Gray Media Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The stock has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $9.67. The company has a market capitalization of $844.79 million, a P/E ratio of 5.48 and a beta of 1.10.

Gray Media (NYSE:GTN.A – Get Free Report) last announced its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The firm had revenue of $749.00 million for the quarter.

Gray Media Company Profile

(Get Free Report)

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.

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