Gray Media (NYSE:GTN.A) Shares Gap Up – Time to Buy?

Gray Media Inc. (NYSE:GTN.A)’s share price gapped up prior to trading on Friday . The stock had previously closed at $9.97, but opened at $10.90. Gray Media shares last traded at $10.35, with a volume of 1,340 shares.

Gray Media Price Performance

The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87. The company’s fifty day moving average price is $10.22 and its 200 day moving average price is $9.42. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 6.72 and a beta of 1.10.

Gray Media (NYSE:GTN.A) last issued its earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $772.00 million during the quarter. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.

Gray Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 3.2%. Gray Media’s payout ratio is currently 21.19%.

About Gray Media

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.