Gray Television (NYSE:GTN.A) Shares Down 4% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) fell 4% during mid-day trading on Tuesday . The company traded as low as $7.73 and last traded at $7.73. 189 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 2,496 shares. The stock had previously closed at $8.05.

Gray Television Price Performance

The company has a debt-to-equity ratio of 2.98, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $751.57 million, a price-to-earnings ratio of 107.74 and a beta of 1.29. The stock’s 50 day simple moving average is $7.48 and its 200-day simple moving average is $8.15.

Gray Television (NYSE:GTN.A) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.09 EPS for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%. The company had revenue of $826.00 million for the quarter.

Gray Television 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.