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

Gray Media Inc. (NYSE:GTN.A)’s share price gapped up prior to trading on Monday . The stock had previously closed at $6.86, but opened at $7.58. Gray Media shares last traded at $7.61, with a volume of 394 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 firm has a market capitalization of $781.85 million, a P/E ratio of -4.97 and a beta of 0.52. The firm’s 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $10.86.

Gray Media (NYSE:GTN.A) last posted its quarterly 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.