Gray Media (NYSE:GTN.A) Stock Price Down 3.7% - Should You Sell?

Key Points

• Gray Media's stock dropped 3.7% to $10.45, with trading volume down 80% from average levels.
• The company reported a loss of ($0.42) EPS for the previous quarter, with revenues of $772 million and a net margin of 5.64%.
• Gray Media announced a quarterly dividend of $0.08, yielding 3.1%, to be paid on September 30th.

Gray Media Inc. (NYSE:GTN.A - Get Free Report)'s share price was down 3.7% during mid-day trading on Wednesday . The stock traded as low as $10.63 and last traded at $10.45. Approximately 430 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,180 shares. The stock had previously closed at $10.85.

Gray Media Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $1.04 billion, a PE ratio of 6.76 and a beta of 1.13. The firm's fifty day simple moving average is $10.53 and its 200-day simple moving average is $8.60.

Gray Media (NYSE:GTN.A - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 3.1%. Gray Media's payout ratio is 21.19%.

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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