Gray Media (NYSE:GTN.A) Stock Price Down 13.2% – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A)’s share price was down 13.2% during trading on Friday. The company traded as low as $5.60 and last traded at $5.99. Approximately 713 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 8,144 shares. The stock had previously closed at $6.90.

Gray Media Stock Performance

The firm’s 50-day simple moving average is $5.68 and its two-hundred day simple moving average is $7.55. 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 has a market capitalization of $574.63 million, a PE ratio of -9.15 and a beta of 0.57.

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

About Gray Media

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.