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

Shares of Gray Media Inc. (NYSE:GTN.AGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $5.84, but opened at $5.11. Gray Media shares last traded at $5.24, with a volume of 539 shares trading hands.

Gray Media Stock Performance

The company has a market capitalization of $533.44 million, a price-to-earnings ratio of -8.49 and a beta of 0.48. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The stock’s fifty day simple moving average is $6.39 and its 200-day simple moving average is $8.57.

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

Gray Media Company Profile

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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.

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