Gray Media (NYSE:GTN.A) Sets New 52-Week High – Should You Buy?

Gray Media Inc. (NYSE:GTN.A)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.95 and last traded at $11.69, with a volume of 13530 shares. The stock had previously closed at $10.07.

Gray Media Stock Performance

The company’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $9.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56. The stock has a market cap of $1.19 billion, a P/E ratio of 7.74 and a beta of 1.10.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The company had revenue of $772.00 million for the quarter.

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 2.7%. Gray Media’s dividend payout ratio (DPR) is presently 21.19%.

Gray Media Company Profile

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.