Gray Media (NYSE:GTN.A) Shares Up 6.7% – Here’s What Happened

Shares of Gray Media Inc. (NYSE:GTN.A) rose 6.7% on Thursday. The company traded as high as $5.56 and last traded at $5.55. 3,435 shares changed hands during trading, a decline of 60% from the average daily volume of 8,683 shares. The stock had previously closed at $5.20.

Gray Media Trading Down 2.0%

The company’s fifty day moving average is $6.16 and its two-hundred day moving average is $8.40. The stock has a market cap of $549.91 million, a price-to-earnings ratio of -8.75 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73.

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

Gray Media Company Profile

Gray Media, Inc 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 through network-affiliated and independent channels, while the company’s digital platforms extend that content to websites, mobile applications and connected-TV services.

The company also operates businesses involved in television production, content distribution and digital advertising.