Gray Media (NYSE:GTN.A – Get Free Report) announced its earnings results on Thursday. The company reported ($0.34) earnings per share for the quarter, Zacks reports. Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.05%.
Gray Media Trading Up 1.8%
GTN.A stock traded up $0.20 during midday trading on Friday, reaching $11.50. The stock had a trading volume of 485 shares, compared to its average volume of 1,366. Gray Media has a twelve month low of $7.43 and a twelve month high of $15.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $10.85.
About Gray Media
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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