Gray Television (NYSE:GTN.A) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) 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 trading hands.

Gray Television Trading Up 1.3 %

The firm has a market capitalization of $721.69 million, a P/E ratio of 4.83 and a beta of 1.21. The business’s 50 day moving average is $7.10 and its two-hundred day moving average is $7.51. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television (NYSE:GTN.A) last released its quarterly earnings data on Friday, November 8th. The company reported $0.86 earnings per share 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 during the quarter.

About Gray Television

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.