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

Gray Media (NYSE:GTN.A) released its quarterly earnings data on Thursday. The company reported ($0.22) earnings per share for the quarter, Zacks reports. Gray Media had a return on equity of 5.50% and a net margin of 2.81%.

Gray Media Trading Up 7.0%

Shares of GTN.A traded up $0.81 during midday trading on Thursday, hitting $12.36. The stock had a trading volume of 9,504 shares, compared to its average volume of 22,683. The business has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $10.51. The firm has a market cap of $1.26 billion, a P/E ratio of 30.15 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. Gray Media has a fifty-two week low of $6.00 and a fifty-two week 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.