Gray Media (NYSE:GTN.A) Sees Unusually-High Trading Volume – Should You Buy?

by · The Cerbat Gem

Gray Media Inc. (NYSE:GTN.A – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 11,635 shares changed hands during trading, an increase of 215% from the previous session’s volume of 3,689 shares.The stock last traded at $12.21 and had previously closed at $11.51.

Gray Media Stock Performance

The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 29.27 and a beta of 0.96. The firm’s 50-day moving average price is $8.93 and its 200 day moving average price is $9.79.

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

About Gray Media

(Get Free Report)

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.

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