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

Shares of Gray Media Inc. (NYSE:GTN.AGet Free Report) gapped down before the market opened 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 traded.

Gray Media Stock Up 1.6%

The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $533.44 million, a PE ratio of -8.49 and a beta of 0.48. The business’s 50 day moving average is $6.39 and its 200-day moving average is $8.57.

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

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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