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

Key Points

• Gray Media Inc. shares experienced a significant gap down, opening at $10.10 after closing at $10.65, and last traded at $9.50.
• The stock has seen a 10.8% decline and has a current market cap of $964.63 million with a P/E ratio of 4.11.
• For the most recent quarter, Gray Media reported earnings of ($0.42) per share, with a net margin of 7.72% and a return on equity of 12.75%.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $10.65, but opened at $10.10. Gray Media shares last traded at $9.50, with a volume of 148 shares.

Gray Media Stock Down 10.8%

The company has a fifty day moving average of $9.91 and a 200 day moving average of $8.21. 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 company has a market cap of $964.63 million, a P/E ratio of 4.11 and a beta of 1.10.

Gray Media (NYSE:GTN.A - Get Free Report) last released 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%.

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.

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