Gray Television (NYSE:GTN.A) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Gray Television, Inc. (NYSE:GTN.AGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.51 and traded as low as $7.07. Gray Television shares last traded at $7.24, with a volume of 1,291 shares traded.

Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day simple moving average is $7.10 and its two-hundred day simple moving average is $7.51. The stock has a market cap of $721.69 million, a price-to-earnings ratio of 4.83 and a beta of 1.21.

Gray Television (NYSE:GTN.AGet Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.86 EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The business had revenue of $950.00 million for the quarter.

Gray Television Company Profile

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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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