Gray Media (NYSE:GTN.A) Stock Price Down 14% – What’s Next?

Gray Media Inc. (NYSE:GTN.A)’s share price fell 14% during mid-day trading on Thursday . The company traded as low as $7.05 and last traded at $7.05. 274 shares traded hands during trading, a decline of 97% from the average daily volume of 10,954 shares. The stock had previously closed at $8.20.

Gray Media Price Performance

The company’s 50-day simple moving average is $9.41 and its 200 day simple moving average is $10.80. The company has a market cap of $801.37 million, a PE ratio of -5.10 and a beta of 0.51. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.20 and a current ratio of 1.20.

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

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.