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

Gray Media Inc. (NYSE:GTN.A) shares gapped up before the market opened on Monday. The stock had previously closed at $5.58, but opened at $5.90. Gray Media shares last traded at $5.90, with a volume of 318 shares.

Gray Media Price Performance

The stock’s 50-day moving average price is $5.66 and its 200 day moving average price is $7.70. The firm has a market capitalization of $607.61 million, a price-to-earnings ratio of -9.67 and a beta of 0.57. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73.

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

Gray Media Company Profile

Gray Media, Inc (NYSE: GTN.A) is a multimedia company that owns and operates local television stations and related digital media businesses across the United States. Its stations provide local news, weather, sports, public affairs programming and entertainment, serving viewers through broadcast television, websites, mobile applications and other digital platforms.

The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.