Gray Media (NYSE:GTN.A) Stock Price Up 12.5% – Here’s Why

Gray Media Inc. (NYSE:GTN.A) shares rose 12.5% on Friday . The company traded as high as $8.42 and last traded at $9.37. Approximately 3,558 shares traded hands during trading, a decline of 1% from the average daily volume of 3,579 shares. The stock had previously closed at $8.33.

Gray Media Trading Up 12.5%

The stock has a market capitalization of $956.58 million, a PE ratio of 22.85 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The stock has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.70.

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

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.