Gray Media (NYSE:GTN.A) Sees Large Volume Increase – What’s Next?

Gray Media Inc. (NYSE:GTN.A) shares saw unusually-high trading volume on Wednesday . Approximately 11,635 shares changed hands during mid-day trading, an increase of 215% from the previous session’s volume of 3,689 shares.The stock last traded at $12.21 and had previously closed at $11.51.

Gray Media Stock Performance

The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 29.27 and a beta of 0.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60. The stock has a 50-day moving average price of $8.93 and a 200 day moving average price of $9.79.

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

Gray Media Company Profile

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.