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

Gray Media Inc. (NYSE:GTN.A – Get Free Report) shares gapped up before the market opened 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 Stock Up 1.3%

The stock’s fifty day moving average price is $5.71 and its 200 day moving average price is $8.84. The stock has a market cap of $703.35 million, a P/E ratio of -11.20 and a beta of 0.57. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73.

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

About Gray Media

(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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