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

Gray Media Inc. (NYSE:GTN.A)’s stock price gapped up prior to trading 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 changing hands.

Gray Media Price Performance

The stock has a fifty day simple moving average of $5.74 and a two-hundred day simple moving average of $7.91. The company has a market cap of $534.49 million, a PE ratio of -8.51 and a beta of 0.57. 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.A) last released its earnings results on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The company 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

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.