Gray Media (NYSE:GTN.A) Hits New 1-Year Low – Time to Sell?

Gray Media Inc. (NYSE:GTN.A)’s share price reached a new 52-week low on Monday. The stock traded as low as $4.57 and last traded at $4.98, with a volume of 3,756 shares trading hands. The stock had previously closed at $5.03.

Gray Media Stock Performance

The firm has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $7.85. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $540.64 million, a price-to-earnings ratio of -8.61 and a beta of 0.57.

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

Gray Media Company Profile

Gray Media, Inc (NYSE: GTN.A) is a multimedia company that owns and operates local television stations and related digital media businesses across the United States. Its stations provide local news, weather, sports, public affairs programming and entertainment, serving viewers through broadcast television, websites, mobile applications and other digital platforms.

The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.