Gray Media (NYSE:GTN.A) Shares Climb 8.4% – Here’s What Happened

Gray Media Inc. (NYSE:GTN.A)’s stock price rose 8.4% during mid-day trading on Wednesday. The company traded as high as $5.81 and last traded at $5.81. Approximately 307 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 8,298 shares. The stock had previously closed at $5.36.

Gray Media Stock Up 6.3%

The firm has a market cap of $574.65 million, a P/E ratio of -9.15 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. The firm has a fifty day moving average of $5.66 and a 200-day moving average of $7.75.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. The firm 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 (NYSE: GTN.A) 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, serving viewers through broadcast television, websites, mobile applications and other digital platforms.

The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.