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

Gray Media (NYSE:GTN.A) issued its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) 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 Price Performance

Shares of NYSE:GTN.A traded up $0.20 during trading on Friday, reaching $11.50. 485 shares of the company traded hands, compared to its average volume of 1,366. The firm has a market capitalization of $1.19 billion, a PE ratio of -7.52 and a beta of 0.63. Gray Media has a 52 week low of $7.43 and a 52 week high of $15.33. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The company’s 50 day moving average is $11.28 and its two-hundred day moving average is $10.85.

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.