Gray Media (NYSE:GTN.A) Sees Large Volume Increase – Here’s What Happened

Gray Media Inc. (NYSE:GTN.AGet Free Report) saw unusually-strong trading volume on Monday . Approximately 4,758 shares traded hands during mid-day trading, an increase of 183% from the previous session’s volume of 1,679 shares.The stock last traded at $8.3550 and had previously closed at $8.27.

Gray Media Stock Performance

The firm has a fifty day moving average of $9.10 and a 200 day moving average of $9.70. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $828.46 million, a price-to-earnings ratio of 19.79 and a beta of 0.96.

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

Gray Media Company Profile

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Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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