Gray Media (NYSE:GTN.A) Stock Price Up 22.9% – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A) shares shot up 22.9% on Friday. The stock traded as high as $5.79 and last traded at $5.79. 1,016 shares changed hands during trading, a decline of 88% from the average daily volume of 8,479 shares. The stock had previously closed at $4.71.

Gray Media Stock Performance

The company has a 50 day simple moving average of $5.97 and a 200-day simple moving average of $8.20. The stock has a market capitalization of $596.25 million, a price-to-earnings ratio of -9.49 and a beta of 0.57. 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 earnings results on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $839.00 million for 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.