Gray Media (NYSE:GTN.A) Shares Up 8.4% – Time to Buy?
by Sarita Garza · The Markets DailyGray Media Inc. (NYSE:GTN.A – Get Free Report)’s share price rose 8.4% on Wednesday. The company traded as high as $5.81 and last traded at $5.81. 307 shares were traded during mid-day trading, a decline of 96% from the average session volume of 8,298 shares. The stock had previously closed at $5.36.
Gray Media Price Performance
The firm has a market cap of $499.45 million, a price-to-earnings ratio of -7.95 and a beta of 0.57. The stock’s 50-day moving average price is $5.71 and its 200 day moving average price is $7.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.73.
Gray Media (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $839.00 million for the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%.
Gray Media Company Profile
Gray Media, Inc (NYSE: GTN.A) is a multimedia company that owns and operates local television stations and related digital media businesses across the United States. Its stations provide local news, weather, sports, public affairs programming and entertainment, serving viewers through broadcast television, websites, mobile applications and other digital platforms.
The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.