Gray Media (NYSE:GTN.A) Hits New 52-Week Low – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A) shares hit a new 52-week low on Friday . The company traded as low as $6.15 and last traded at $6.68, with a volume of 1526 shares traded. The stock had previously closed at $6.61.

Gray Media Price Performance

The company has a debt-to-equity ratio of 2.72, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50-day simple moving average is $7.43 and its 200-day simple moving average is $9.99. The stock has a market capitalization of $686.29 million, a P/E ratio of -4.37 and a beta of 0.51.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%.

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.