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

Gray Media Inc. (NYSE:GTN.A)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.10, but opened at $11.00. Gray Media shares last traded at $11.73, with a volume of 3,706 shares traded.

Gray Media Stock Up 16.4%

The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.67 and a beta of 0.96. The firm has a fifty day moving average price of $8.89 and a 200 day moving average price of $9.78. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60.

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

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.