Gray Media (NYSE:GTN.A) Trading Up 8.2% – Time to Buy?

Gray Media Inc. (NYSE:GTN.A) rose 8.2% on Tuesday . The stock traded as high as $8.20 and last traded at $8.20. Approximately 231 shares were traded during trading, a decline of 98% from the average daily volume of 10,929 shares. The stock had previously closed at $7.58.

Gray Media Stock Performance

The company has a 50 day moving average price of $9.41 and a 200-day moving average price of $10.80. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 2.72. The company has a market cap of $719.18 million, a P/E ratio of -4.58 and a beta of 0.51.

Gray Media (NYSE:GTN.A) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.34) EPS for the quarter. Gray Media had a negative return on equity of 3.07% and a negative net margin of 3.12%.

Gray Media Company Profile

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.