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

Gray Media Inc. (NYSE:GTN.A)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.76, but opened at $14.60. Gray Media shares last traded at $13.49, with a volume of 1,185 shares changing hands.

Gray Media Trading Down 2.7%

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 capitalization of $1.38 billion, a price-to-earnings ratio of 32.90 and a beta of 0.89. The business has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $10.12.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.24) earnings per share 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 for 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.