Gray Media (NYSE:GTN.A) Shares Climb 8.5% – What’s Next?

Gray Media Inc. (NYSE:GTN.A)’s stock price shot up 8.5% on Tuesday. The stock traded as high as $6.40 and last traded at $6.40. Approximately 333 shares were traded during mid-day trading, a decline of 96% from the average session volume of 8,137 shares. The stock had previously closed at $5.90.

Gray Media Stock Performance

The stock’s fifty day moving average is $5.66 and its two-hundred day moving average is $7.66. The firm has a market cap of $659.07 million, a price-to-earnings ratio of -10.49 and a beta of 0.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

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

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.