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

Gray Media Inc. (NYSE:GTN.A)’s share price gapped up before the market opened on Friday. The stock had previously closed at $4.84, but opened at $5.34. Gray Media shares last traded at $5.34, with a volume of 122 shares changing hands.

Gray Media Price Performance

The stock has a market capitalization of $549.93 million, a price-to-earnings ratio of -8.75 and a beta of 0.48. The company’s 50-day simple moving average is $6.21 and its 200-day simple moving average is $8.42. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95.

Gray Media (NYSE:GTN.A) last released its quarterly 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 during the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%.

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.