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

Gray Media Inc. (NYSE:GTN.A) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.63, but opened at $13.21. Gray Media shares last traded at $12.38, with a volume of 312 shares.

Gray Media Trading Down 1.0%

The company has a 50 day moving average of $9.12 and a 200 day moving average of $9.89. The firm has a market cap of $1.28 billion, a P/E ratio of 30.51 and a beta of 0.89. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings data on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $749.00 million for the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.

Gray Media Company Profile

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.