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

Gray Media Inc. (NYSE:GTN.A) gapped up prior to trading on Tuesday. The stock had previously closed at $4.98, but opened at $5.23. Gray Media shares last traded at $5.19, with a volume of 2,201 shares trading hands.

Gray Media Stock Up 4.2%

The business’s fifty day moving average price is $5.74 and its 200 day moving average price is $7.91. 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 market capitalization of $534.49 million, a PE ratio of -8.51 and a beta of 0.57.

Gray Media (NYSE:GTN.A) last announced its earnings results on Friday, August 7th. The company reported $0.21 earnings per share for the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The business had revenue of $839.00 million during the quarter.

About Gray Media

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.