Gray Television (NYSE:GTN.A) Shares Gap Down – Should You Sell?

Gray Television, Inc. (NYSE:GTN.AGet Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $7.32, but opened at $7.00. Gray Television shares last traded at $7.16, with a volume of 792 shares trading hands.

Gray Television Price Performance

The firm has a 50 day moving average of $7.10 and a 200-day moving average of $7.45. The company has a market cap of $705.66 million, a P/E ratio of 4.72 and a beta of 1.21. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76.

About Gray Television

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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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