Gray Media (NYSE:GTN.A) Shares Up 10.7% – Still a Buy?

Gray Media Inc. (NYSE:GTN.A)’s share price shot up 10.7% during trading on Wednesday . The company traded as high as $14.17 and last traded at $13.86. 3,496 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 17,170 shares. The stock had previously closed at $12.52.

Gray Media Price Performance

The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -9.73 and a beta of 0.92. The business’s 50-day simple moving average is $12.07 and its two-hundred day simple moving average is $10.60. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $792.00 million during the quarter. Gray Media had a negative return on equity of 2.51% and a negative net margin of 2.75%.

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.