Gray Media (NYSE:GTN.A) Shares Down 15.4% - Time to Sell?

Key Points

• Gray Media's shares dropped 15.4% during mid-day trading on Monday, closing at $8.98, a significant decline from their previous close of $10.61.
• The company reported a negative earnings per share of ($0.23) in their last earnings release, which could impact investor confidence.
• Gray Media also recently declared a quarterly dividend of $0.08 per share, reflecting an annualized dividend yield of 3.1% with a payout ratio of 13.85%.

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) fell 15.4% during mid-day trading on Monday . The company traded as low as $10.65 and last traded at $8.98. 5,703 shares were traded during mid-day trading, an increase of 71% from the average session volume of 3,328 shares. The stock had previously closed at $10.61.

Gray Media Trading Down 10.8%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.48. The stock's 50 day moving average is $9.91 and its 200-day moving average is $8.21. The company has a market cap of $964.63 million, a PE ratio of 4.11 and a beta of 1.10.

Gray Media (NYSE:GTN.A - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported ($0.42) earnings per share for the quarter. Gray Media had a net margin of 7.72% and a return on equity of 12.75%.

About Gray Media

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.