Gray Media (NYSE:GTN.A) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Gray Media Inc. (NYSE:GTN.A) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.90 and traded as low as $10.53. Gray Media shares last traded at $10.53, with a volume of 649 shares.

Gray Media Trading Up 14.8%

The firm has a market capitalization of $975.00 million, a price-to-earnings ratio of -6.20 and a beta of 0.63. 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 business has a 50-day moving average of $11.16 and a two-hundred day moving average of $10.90.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter. Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%.

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.