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

Gray Television, Inc. (NYSE:GTN.A) shares fell 4% on Tuesday . The stock 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 Trading Up 1.6 %

The company’s fifty day moving average price is $7.48 and its two-hundred day moving average price is $8.15. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The firm has a market cap of $751.57 million, a P/E ratio of 107.74 and a beta of 1.29.

Gray Television (NYSE:GTN.A) last posted its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%. The business 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.