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

Gray Media (NYSE:GTN.A) issued its earnings results on Friday. The company reported $0.21 EPS for the quarter, Zacks reports. The company had revenue of $839.00 million during the quarter. 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%

Shares of Gray Media stock opened at $5.88 on Friday. The business has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $9.96. The stock has a market cap of $604.11 million, a PE ratio of -9.64 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.72. Gray Media has a 12 month low of $5.50 and a 12 month high of $15.33.

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.