Gray Media (NYSE:GTN.A) Trading 2.8% Higher – What’s Next?

Gray Media Inc. (NYSE:GTN.A)’s stock price shot up 2.8% on Monday . The stock traded as high as $9.53 and last traded at $10.08. 112 shares traded hands during trading, a decline of 97% from the average session volume of 3,646 shares. The stock had previously closed at $9.81.

Gray Media Trading Up 3.0%

The business’s fifty day moving average is $8.88 and its 200-day moving average is $9.78. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.03 billion, a P/E ratio of 24.64 and a beta of 0.96.

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

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.