Gray Media (NYSE:GTN.A) Trading 10.4% Higher – Still a Buy?

Shares of Gray Media Inc. (NYSE:GTN.A) traded up 10.4% on Tuesday . The stock traded as high as $11.39 and last traded at $11.39. 541 shares traded hands during trading, a decline of 96% from the average session volume of 13,955 shares. The stock had previously closed at $10.32.

Gray Media Price Performance

The company has a 50 day moving average of $11.28 and a two-hundred day moving average of $10.81. The firm has a market cap of $1.11 billion, a P/E ratio of -7.54 and a beta of 0.82. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66.

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

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.