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

Gray Media (NYSE:GTN.A) issued its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share for the quarter, Zacks reports. Gray Media had a negative return on equity of 3.05% and a negative net margin of 3.12%.

Gray Media Stock Up 1.8%

Shares of Gray Media stock traded up $0.20 on Friday, reaching $11.50. 485 shares of the company were exchanged, compared to its average volume of 1,366. The stock’s 50 day moving average price is $11.28 and its 200-day moving average price is $10.85. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. Gray Media has a 1-year low of $7.43 and a 1-year high of $15.33. The company has a market cap of $1.19 billion, a P/E ratio of -7.52 and a beta of 0.63.

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.