Gray Media (NYSE:GTN.A) Sets New 12-Month Low – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A)’s stock price hit a new 52-week low during mid-day trading on Saturday. The company traded as low as $4.71 and last traded at $5.20, with a volume of 3230 shares trading hands. The stock had previously closed at $5.26.

Gray Media Price Performance

The company’s fifty day moving average is $5.93 and its 200-day moving average is $8.16. The company has a market capitalization of $535.50 million, a PE ratio of -8.52 and a beta of 0.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $839.00 million for the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%.

Gray Media Company Profile

Gray Media, Inc (NYSE: GTN.A) is a multimedia company that owns and operates local television stations and related digital media businesses across the United States. Its stations provide local news, weather, sports, public affairs programming and entertainment, serving viewers through broadcast television, websites, mobile applications and other digital platforms.

The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.