Gray Media (NYSE:GTN.A) Shares Gap Down – Time to Sell?

Shares of Gray Media Inc. (NYSE:GTN.A) gapped down prior to trading on Thursday . The stock had previously closed at $12.30, but opened at $11.60. Gray Media shares last traded at $12.09, with a volume of 4,776 shares trading hands.

Gray Media Price Performance

The company has a 50-day simple moving average of $11.93 and a 200-day simple moving average of $10.44. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 28.83 and a beta of 0.90. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93.

Gray Media Company Profile

Gray Media, doing business as Gray Television, Inc, operates an extensive network of local television stations and digital platforms across the United States. The company’s broadcast portfolio offers a mix of network-affiliated programming—ranging from national news and entertainment from ABC, CBS, NBC and Fox—to locally produced content including news, sports and weather coverage. In addition to traditional broadcast, Gray Media provides digital advertising, streaming and over-the-top solutions through its websites, mobile apps and branded digital marketplaces.

Established in 1946 as Gray Communications Systems, the company went public in 2006 and adopted the Gray Television name in 2010.