Gray Media (NYSE:GTN.A) Shares Down 6.9% – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A) was down 6.9% during trading on Tuesday . The stock traded as low as $9.55 and last traded at $9.80. Approximately 8,552 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 11,980 shares. The stock had previously closed at $10.53.

Gray Media Stock Down 10.5%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $967.81 million, a P/E ratio of -6.16 and a beta of 0.63. The company’s fifty day simple moving average is $11.25 and its 200 day simple moving average is $10.90.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.34) EPS for the quarter. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.

About Gray Media

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.