Gray Media (NYSE:GTN.A – Get Free Report) released its earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.
Gray Media Trading Up 3.0%
Shares of GTN.A stock traded up $0.35 on Thursday, hitting $11.90. 6,154 shares of the company’s stock traded hands, compared to its average volume of 22,620. The company’s fifty day simple moving average is $12.28 and its 200 day simple moving average is $10.51. 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 has a one year low of $6.00 and a one year high of $15.33. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 29.02 and a beta of 0.90.
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.
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