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

Gray Media Inc. (NYSE:GTN.A – Get Free Report)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $4.98, but opened at $5.23. Gray Media shares last traded at $5.19, with a volume of 2,201 shares.

Gray Media Stock Performance

The company has a market capitalization of $540.64 million, a price-to-earnings ratio of -8.61 and a beta of 0.57. The stock has a fifty day moving average price of $5.68 and a two-hundred day moving average price of $7.80. 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 issued its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The business 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

(Get Free Report)

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.

Further Reading

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