Gray Television (GTN, Financial) experienced a significant stock price drop of 5.05%, trading at $4.14 per share. The trading volume reached 615,342 shares with a turnover rate of 0.62% and a price fluctuation of 5.96%.
Recent financial reports revealed that Gray Television generated a revenue of $950 million, with a net profit of $96 million. The earnings per share stood at $0.87, gross profit at $290 million, and the price-to-earnings ratio was 2.77.
In terms of institutional ratings, 57% of the seven participating institutions recommended buying the stock, while 14% suggested holding, and 29% advised selling.
Within the broadcasting media industry, the overall decline was 0.68%. Noteworthy performers included Urban One, Inc., Iheartmedia, Inc., and Mediaco Holding Inc., which saw significant gains. Meanwhile, Fubotv Inc., Mediaco Holding Inc., and Gray Television were notably active, with turnover rates of 3.43%, 1.98%, and 0.62%, respectively. Stocks with high price fluctuations included Mediaco Holding Inc. at 50.19%, Cumulus Media at 12.09%, and Urban One, Inc. at 9.03%.
Gray Television Inc. is a television broadcasting company that owns and operates television stations. It also engages in video program production, marketing, and digital business, with its revenue primarily derived from its broadcasting division operating stations in local U.S. markets.
