Gray Media (NYSE:GTN.A) Trading Down 10.5% – Should You Sell?

Gray Media Inc. (NYSE:GTN.A) dropped 10.5% during mid-day trading on Tuesday . The stock traded as low as $10.56 and last traded at $10.64. Approximately 7,324 shares traded hands during trading, a decline of 74% from the average daily volume of 27,826 shares. The stock had previously closed at $11.89.

Gray Media Stock Performance

The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 27.76 and a beta of 0.90. The company’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $10.37. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93.

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

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.