Gray Media (NYSE:GTN.A) Shares Gap Up – What’s Next?

Gray Media Inc. (NYSE:GTN.A) shares gapped up before the market opened on Thursday. The stock had previously closed at $5.89, but opened at $6.60. Gray Media shares last traded at $6.60, with a volume of 474 shares changing hands.

Gray Media Stock Performance

The stock has a market capitalization of $581.86 million, a P/E ratio of 19.48 and a beta of 0.46. The company’s fifty day simple moving average is $5.83 and its 200 day simple moving average is $8.53. The company has a current ratio of 0.92, a quick ratio of 0.95 and a debt-to-equity ratio of 2.63.

Gray Media (NYSE:GTN.A) last posted its earnings results on Friday, November 6th. The company reported $0.66 EPS for the quarter. The business had revenue of $972.00 million during the quarter. Gray Media had a return on equity of 2.98% and a net margin of 1.84%.

About Gray Media

Gray Media, Inc., formerly known as Gray Television, is a U.S. multimedia company focused on local television broadcasting. It owns and operates television stations that provide local news, weather, sports and entertainment programming, along with network and syndicated content. The company’s stations serve communities across the United States and include affiliates of major broadcast networks. Gray Media also offers digital advertising and marketing services and produces original content through its broadcast and production operations.