Gray Media (NYSE:GTN.A) Trading Down 7.3% – Time to Sell?

Gray Media Inc. (NYSE:GTN.A) shares traded down 7.3% during trading on Thursday . The company traded as low as $11.50 and last traded at $11.50. Approximately 585 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 16,281 shares. The stock had previously closed at $12.41.

Gray Media Stock Performance

The company has a 50 day moving average of $11.98 and a two-hundred day moving average of $10.71. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $1.19 billion, a PE ratio of -8.10 and a beta of 0.81.

Gray Media (NYSE:GTN.A) last announced its earnings results on Thursday, February 26th. The company reported ($0.22) EPS for the quarter. The business had revenue of $792.00 million for the quarter. Gray Media had a negative net margin of 2.75% and a negative return on equity of 2.51%.

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.