Gray Media (NYSE:GTN.A) Stock Jumps 14.2% – Should You Buy?

Gray Media Inc. (NYSE:GTN.A)’s share price rose 14.2% on Monday. The stock traded as high as $8.82 and last traded at $8.82. 6,073 shares were traded during trading, a decline of 27% from the average daily volume of 8,317 shares. The stock had previously closed at $7.72.

Gray Media Stock Performance

The company has a market capitalization of $744.55 million, a P/E ratio of -11.85 and a beta of 0.46. The firm has a 50 day moving average price of $5.86 and a two-hundred day moving average price of $8.75. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

Gray Media (NYSE:GTN.A) last posted its earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. The business had revenue of $839.00 million during the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%.

About Gray Media

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.