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

Gray Media Inc. (NYSE:GTN.A)’s share price gapped up before the market opened on Monday . The stock had previously closed at $6.90, but opened at $7.58. Gray Media shares last traded at $7.58, with a volume of 530 shares changing hands.

Gray Media Stock Up 9.9%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $778.77 million, a P/E ratio of -4.95 and a beta of 0.52. The company has a fifty day moving average price of $9.61 and a 200-day moving average price of $10.81.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.34) EPS for the quarter. Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%.

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.