Gray Media (NYSE:GTN.A) Stock Jumps 7.1% – Here’s Why

Gray Media Inc. (NYSE:GTN.A)’s stock price shot up 7.1% during trading on Monday. The stock traded as high as $6.89 and last traded at $6.48. 13,519 shares changed hands during trading, an increase of 67% from the average daily volume of 8,092 shares. The stock had previously closed at $6.05.

Gray Media Trading Up 7.1%

The stock’s fifty day simple moving average is $5.69 and its two-hundred day simple moving average is $7.52. The firm has a market cap of $667.31 million, a PE ratio of -10.62 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 released its earnings results on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The firm had revenue of $839.00 million during the quarter.

About Gray Media

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.