Gray Media (NYSE:GTN.A) Hits New 1-Year Low – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.44 and last traded at $5.44, with a volume of 570 shares trading hands. The stock had previously closed at $5.81.

Gray Media Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73. The company’s 50 day moving average is $6.78 and its 200 day moving average is $9.15. The firm has a market capitalization of $560.21 million, a price-to-earnings ratio of -8.92 and a beta of 0.51.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $839.00 million during the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%.

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.