Gray Media (NYSE:GTN.A) Shares Gap Down - Should You Sell?

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $11.37, but opened at $10.90. Gray Media shares last traded at $10.91, with a volume of 113 shares.

Gray Media Trading Up 0.0%

The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.72 and a beta of 1.08. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.91 and a current ratio of 0.91. The business has a fifty day moving average price of $9.13 and a 200 day moving average price of $7.82.

Gray Media (NYSE:GTN.A - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.23) earnings per share (EPS) for the quarter. Gray Media had a net margin of 7.72% and a return on equity of 12.75%.

Gray Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.93%. Gray Media's dividend payout ratio is presently 13.85%.

Gray Media Company Profile

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.