Gray Media (NYSE:GTN.A) Sees Large Volume Increase – Should You Buy?

Gray Media Inc. (NYSE:GTN.AGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 4,758 shares traded hands during mid-day trading, an increase of 183% from the previous session’s volume of 1,679 shares.The stock last traded at $8.3550 and had previously closed at $8.27.

Gray Media Trading Up 4.7%

The business’s 50-day moving average price is $9.10 and its 200-day moving average price is $9.70. The firm has a market capitalization of $828.46 million, a PE ratio of 19.79 and a beta of 0.96. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93.

Gray Media (NYSE:GTN.AGet Free Report) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.24) EPS for the quarter. The business had revenue of $749.00 million during the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.

About Gray Media

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Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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