Gray Media (NYSE:GTN.A) Hits New 52-Week High – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $13.65 and last traded at $13.46, with a volume of 847 shares traded. The stock had previously closed at $12.97.

Gray Media Trading Up 4.1%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 32.94 and a beta of 0.89. The firm has a 50-day moving average price of $9.45 and a 200 day moving average price of $10.02.

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