Gray Media (NYSE:GTN.A) Shares Gap Up – What’s Next?
by Teresa Graham · The Cerbat GemGray Media Inc. (NYSE:GTN.A – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $7.20, but opened at $8.00. Gray Media shares last traded at $8.00, with a volume of 276 shares traded.
Gray Media Price Performance
The company has a debt-to-equity ratio of 2.72, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50 day moving average is $10.36 and its 200 day moving average is $10.82. The stock has a market cap of $821.92 million, a price-to-earnings ratio of -5.23 and a beta of 0.52.
Gray Media (NYSE:GTN.A – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share for the quarter. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.
About Gray Media
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.