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

Gray Media Inc. (NYSE:GTN.A)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $15.33 and last traded at $12.6650, with a volume of 260772 shares changing hands. The stock had previously closed at $14.02.

Gray Media Trading Down 17.8%

The firm has a market capitalization of $1.18 billion, a PE ratio of 28.09 and a beta of 0.90. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. The company has a fifty day moving average of $11.31 and a 200-day moving average of $10.36.

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

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.