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

Gray Media (NYSE:GTN.A) released its quarterly earnings results on Friday. The company reported $0.21 earnings per share for the quarter, Zacks reports. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.

Gray Media Stock Down 11.0%

Shares of NYSE:GTN.A traded down $0.73 during trading on Friday, hitting $5.88. 9,276 shares of the company were exchanged, compared to its average volume of 980. Gray Media has a fifty-two week low of $5.50 and a fifty-two week high of $15.33. The stock has a market cap of $604.11 million, a price-to-earnings ratio of -3.84 and a beta of 0.51. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 2.72. The firm has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $9.96.

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.