Gray Media (NYSE:GTN.A) Stock Price Up 8.5% – Should You Buy?

Gray Media Inc. (NYSE:GTN.A)’s stock price shot up 8.5% during trading on Tuesday. The company traded as high as $6.40 and last traded at $6.40. 333 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 8,137 shares. The stock had previously closed at $5.90.

Gray Media Stock Up 7.8%

The firm has a fifty day simple moving average of $5.69 and a 200 day simple moving average of $7.59. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $710.59 million, a PE ratio of -11.31 and a beta of 0.57.

Gray Media (NYSE:GTN.A) last issued its earnings results on Friday, August 7th. The company reported $0.21 earnings per share for the quarter. The business 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.