Gray Media (NYSE:GTN.A) Issues Quarterly Earnings Results

Gray Media (NYSE:GTN.A) posted its quarterly earnings results on Friday. The company reported $0.21 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 3.07%.

Gray Media Stock Down 11.0%

Gray Media stock traded down $0.73 during mid-day trading on Friday, reaching $5.88. 9,276 shares of the company were exchanged, compared to its average volume of 9,383. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $604.10 million, a P/E ratio of -3.84 and a beta of 0.51. Gray Media has a 12-month low of $5.50 and a 12-month high of $15.33. The business has a fifty day moving average of $7.43 and a 200 day moving average of $9.99.

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.