Gray Media (NYSE:GTN.A) Shares Up 10.7% – Still a Buy?

Gray Media Inc. (NYSE:GTN.A) shares shot up 10.7% during mid-day trading on Wednesday . The stock traded as high as $14.17 and last traded at $13.86. 3,496 shares were traded during mid-day trading, a decline of 80% from the average session volume of 17,170 shares. The stock had previously closed at $12.52.

Gray Media Trading Down 1.7%

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -8.81 and a beta of 0.92. The business’s 50 day moving average price is $12.05 and its 200-day moving average price is $10.64. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27.

Gray Media (NYSE:GTN.A) last issued its earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $792.00 million for the quarter. Gray Media had a negative return on equity of 2.51% and a negative net margin of 2.75%.

About Gray Media

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.