Gray Media (NYSE:GTN) Shares Break Above 200 Day Moving Average – Here’s What Happened

Posted by Francis Steltz on Sep 27th, 2026

Gray Media Inc. (NYSE:GTN – Get Free Report) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.54 and traded as high as $4.61. Gray Media shares last traded at $4.5850, with a volume of 964,306 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Gray Media from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Wall Street Zen lowered shares of Gray Media from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Gray Media has a consensus rating of “Hold” and a consensus target price of $7.88.

View Our Latest Analysis on Gray Media

Gray Media Price Performance

The firm has a fifty day moving average of $4.65 and a 200 day moving average of $4.54. The company has a market capitalization of $472.16 million, a P/E ratio of -7.52, a P/E/G ratio of 0.09 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73.

Gray Media (NYSE:GTN – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.29. The business had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $795.13 million. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.71) EPS. On average, equities research analysts anticipate that Gray Media Inc. will post 2.31 EPS for the current year.

Gray Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Gray Media’s payout ratio is presently -52.46%.

Institutional Investors Weigh In On Gray Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its position in Gray Media by 142.5% in the 2nd quarter. Engineers Gate Manager LP now owns 38,604 shares of the company’s stock worth $153,000 after purchasing an additional 22,682 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Gray Media by 12.3% during the 2nd quarter. Squarepoint Ops LLC now owns 114,909 shares of the company’s stock valued at $456,000 after buying an additional 12,610 shares during the period. Odyssean LLC bought a new position in shares of Gray Media during the 2nd quarter valued at $206,000. Secure Asset Management LLC bought a new position in shares of Gray Media during the 2nd quarter valued at $67,000. Finally, Empowered Funds LLC purchased a new position in shares of Gray Media in the 2nd quarter worth $1,837,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Gray Media Company Profile

(Get Free Report)

Gray Media, Inc (NYSE: GTN) is a media company that owns and operates local television stations and digital media properties across the United States. Its stations provide local news, weather, sports, investigative reporting and community programming, while also carrying programming from major broadcast networks, including ABC, CBS, NBC, FOX and The CW.

The company’s operations include television broadcasting, digital publishing, video production and related media services. Gray Media also produces and distributes original content through its local stations and other media platforms, serving audiences in a range of metropolitan and regional markets.

Founded as Gray Television in 1946, the company expanded through acquisitions and organic growth before adopting the Gray Media name.