Gray Media (NYSE:GTN.A) Shares Gap Up – Here’s Why

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $5.21, but opened at $6.92. Gray Media shares last traded at $7.40, with a volume of 1,156 shares changing hands.

Gray Media Trading Up 1.3%

The stock has a 50-day simple moving average of $5.71 and a 200 day simple moving average of $8.84. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The company has a market cap of $703.35 million, a price-to-earnings ratio of -11.20 and a beta of 0.57.

Gray Media (NYSE:GTN.A – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%. The firm had revenue of $839.00 million for the quarter.

Gray Media Company Profile

(Get Free Report)

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.

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