Gray Media (NYSE:GTN.A) Trading Up 12.5% – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A)’s share price traded up 12.5% during trading on Friday . The stock traded as high as $8.42 and last traded at $9.37. 3,558 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 3,579 shares. The stock had previously closed at $8.33.

Gray Media Stock Up 12.5%

The firm has a 50-day moving average of $8.87 and a two-hundred day moving average of $9.68. The stock has a market capitalization of $956.58 million, a price-to-earnings ratio of 22.85 and a beta of 0.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60.

Gray Media (NYSE:GTN.A) last released its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $749.00 million for the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.

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.