Gray Media (NYSE:GTN.A) Shares Down 10.2% – Here’s What Happened

Posted by Stephan Jacobs on Jun 4th, 2026

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s share price fell 10.2% on Thursday . The stock traded as low as $7.20 and last traded at $7.20. 2,928 shares were traded during mid-day trading, a decline of 76% from the average session volume of 12,079 shares. The stock had previously closed at $8.02.

Gray Media Stock Down 10.2%

The company has a market cap of $739.73 million, a P/E ratio of -4.71 and a beta of 0.51. The company has a 50 day moving average of $10.58 and a 200-day moving average of $10.84. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.20 and a quick ratio of 1.20.

Gray Media (NYSE:GTN.A – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share for the quarter. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.

Gray Media Company Profile

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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.