Gray Media (NYSE:GTN.A) Stock Jumps 22.9% – What’s Next?

Gray Media Inc. (NYSE:GTN.A) traded up 22.9% during trading on Friday. The stock traded as high as $5.79 and last traded at $5.79. 1,016 shares were traded during trading, a decline of 88% from the average daily volume of 8,479 shares. The stock had previously closed at $4.71.

Gray Media Trading Up 10.1%

The business has a fifty day moving average of $5.97 and a 200-day moving average of $8.20. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $596.25 million, a P/E ratio of -9.49 and a beta of 0.57.

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 firm had revenue of $839.00 million during the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%.

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.