Gray Media (NYSE:GTN.A) Sees Unusually-High Trading Volume – Here’s Why

Gray Media Inc. (NYSE:GTN.A) shares saw strong trading volume on Wednesday . 5,775 shares changed hands during trading, an increase of 123% from the previous session’s volume of 2,594 shares.The stock last traded at $12.89 and had previously closed at $13.21.

Gray Media Stock Down 2.4%

The stock’s 50-day moving average price is $9.18 and its 200-day moving average price is $9.92. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 31.44 and a beta of 0.89.

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

Gray Media Company Profile

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.