Gray Media (NYSE:GTN.A) Stock Price Up 11.8% – Time to Buy?

Gray Media Inc. (NYSE:GTN.AGet Free Report) traded up 11.8% on Monday . The company traded as high as $8.45 and last traded at $8.9690. 569 shares were traded during mid-day trading, a decline of 84% from the average session volume of 3,555 shares. The stock had previously closed at $8.02.

Gray Media Trading Up 8.6%

The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $889.20 million, a P/E ratio of 5.77 and a beta of 1.10. The firm has a fifty day moving average price of $9.46 and a 200-day moving average price of $9.72.

Gray Media (NYSE:GTN.AGet Free Report) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $749.00 million during the quarter. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.

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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