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

Shares of Gray Media Inc. (NYSE:GTN.A) gapped down before the market opened on Wednesday. The stock had previously closed at $6.40, but opened at $5.80. Gray Media shares last traded at $5.80, with a volume of 100 shares.

Gray Media Price Performance

The firm has a market capitalization of $648.77 million, a PE ratio of -10.33 and a beta of 0.57. The stock has a 50-day moving average price of $5.67 and a 200 day moving average price of $7.62. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73.

Gray Media (NYSE:GTN.A) last announced its earnings results on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm 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.