Gray Media (NYSE:GTN.A) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Gray Media's stock price has fallen below its 200-day moving average, with shares trading as low as $9.30, indicating potential weakness in the stock's performance.
• The company reported a loss of $0.42 EPS for the last quarter, with revenues of $772 million and a net margin of 5.64%.
• Gray Media declared a quarterly dividend of $0.08, reflecting a yield of 3.4%, with a payout ratio of 21.19%.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.36 and traded as low as $9.30. Gray Media shares last traded at $9.43, with a volume of 1,508 shares trading hands.

Gray Media Stock Performance

The stock has a market capitalization of $962.71 million, a P/E ratio of 6.25 and a beta of 1.10. The firm has a 50-day moving average of $10.22 and a 200 day moving average of $9.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56.

Gray Media (NYSE:GTN.A - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported ($0.42) EPS for the quarter. The firm had revenue of $772.00 million during the quarter. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.

Gray Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, September 15th. Gray Media's dividend payout ratio (DPR) is 21.19%.

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.

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