Gray Media (NYSE:GTN.A) Reaches New 1-Year Low – What’s Next?

Gray Media Inc. (NYSE:GTN.A) hit a new 52-week low on Monday . The company traded as low as $5.31 and last traded at $5.31, with a volume of 218 shares. The stock had previously closed at $5.81.

Gray Media Stock Performance

The stock has a fifty day simple moving average of $6.55 and a 200-day simple moving average of $8.77. The stock has a market cap of $590.08 million, a P/E ratio of -9.39 and a beta of 0.48. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. The company 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 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 through network-affiliated and independent channels, while the company’s digital platforms extend that content to websites, mobile applications and connected-TV services.

The company also operates businesses involved in television production, content distribution and digital advertising.