Gray Media (NYSE:GTN.A) Stock Price Down 9.1% - Time to Sell?

Key Points

• Gray Media's stock price decreased by 9.1% on Friday, closing at $10.20 after trading as low as $10.00, with a significant drop in trading volume.
• The company reported a quarterly loss of ($0.42) EPS along with a revenue of $772 million, highlighting a net margin of 5.64% and a return on equity of 10.31%.
• Gray Media announced a quarterly dividend of $0.08 per share with a yield of 3.5%, payable to stockholders on September 30th.

Gray Media Inc. (NYSE:GTN.A - Get Free Report)'s stock price was down 9.1% on Friday . The company traded as low as $10.00 and last traded at $10.20. Approximately 2,152 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 4,290 shares. The stock had previously closed at $11.22.

Gray Media Stock Down 18.0%

The firm has a market cap of $934.68 million, a price-to-earnings ratio of 5.74 and a beta of 1.10. The business's 50 day moving average price is $10.13 and its 200 day moving average price is $8.31. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.91 and a current ratio of 0.87.

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

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, September 15th. Gray Media's dividend 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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