Gray Media (NYSE:GTN.A) Stock Price Down 7.9% – Time to Sell?

Shares of Gray Media Inc. (NYSE:GTN.A) were down 7.9% during trading on Tuesday . The company traded as low as $13.20 and last traded at $12.9560. Approximately 1,196 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 2,713 shares. The stock had previously closed at $14.06.

Gray Media Price Performance

The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 34.48 and a beta of 0.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The business has a 50-day moving average price of $9.54 and a two-hundred day moving average price of $10.05.

Gray Media (NYSE:GTN.A) last issued its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $749.00 million during the quarter. Gray Media had a return on equity of 5.50% and a net margin of 2.81%.

About Gray Media

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.