Gray Media (NYSE:GTN.A) Trading Up 9.8% – What’s Next?

Gray Media Inc. (NYSE:GTN.A) shares shot up 9.8% during mid-day trading on Friday . The stock traded as high as $12.73 and last traded at $13.9150. 851 shares were traded during trading, a decline of 70% from the average session volume of 2,829 shares. The stock had previously closed at $12.67.

Gray Media Stock Up 11.4%

The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 34.49 and a beta of 0.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60. The company’s 50 day moving average price is $10.24 and its 200 day moving average price is $10.20.

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

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.