Gray Media (NYSE:GTN.A) Trading 6.7% Higher – Here’s Why

Gray Media Inc. (NYSE:GTN.A)’s stock price shot up 6.7% during trading on Thursday . The company traded as high as $5.56 and last traded at $5.55. Approximately 3,435 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 8,683 shares. The stock had previously closed at $5.20.

Gray Media Trading Up 12.6%

The company has a 50-day moving average of $6.25 and a 200 day moving average of $8.46. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $561.24 million, a PE ratio of -8.93 and a beta of 0.48.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings data 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 return on equity of 1.12% and a negative net margin of 0.83%.

About Gray Media

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.