Gray Media (NYSE:GTN.A) Stock Price Up 14.2% – Should You Buy?

Gray Media Inc. (NYSE:GTN.A)’s stock price rose 14.2% during mid-day trading on Monday. The stock traded as high as $8.82 and last traded at $8.82. 6,073 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 8,317 shares. The stock had previously closed at $7.72.

Gray Media Stock Up 2.6%

The firm has a market cap of $815.60 million, a P/E ratio of -12.98 and a beta of 0.46. The stock’s 50 day simple moving average is $5.75 and its two-hundred day simple moving average is $8.80. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $839.00 million during the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%.

About Gray Media

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.