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

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $7.05, but opened at $5.76. Gray Media shares last traded at $5.76, with a volume of 319 shares trading hands.

Gray Media Trading Down 8.6%

The company’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $8.71. The company has a market capitalization of $598.31 million, a price-to-earnings ratio of -9.52 and a beta of 0.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73.

Gray Media (NYSE:GTN.A – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The business 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

(Get Free Report)

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.

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