Gray Media (NYSE:GTN.A) Trading Up 8% – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A) was up 8% on Thursday . The stock traded as high as $12.78 and last traded at $13.2150. Approximately 241 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 2,463 shares. The stock had previously closed at $12.24.

Gray Media Trading Up 8.0%

The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 32.23 and a beta of 0.90. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. The company’s fifty day moving average price is $11.08 and its 200-day moving average price is $10.33.

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

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.