Gray Media (NYSE:GTN.A) Shares Gap Up – Time to Buy?

Gray Media Inc. (NYSE:GTN.AGet Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.55, but opened at $8.87. Gray Media shares last traded at $8.21, with a volume of 246 shares traded.

Gray Media Price Performance

The company’s 50-day moving average price is $8.92 and its 200-day moving average price is $9.69. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60. The firm has a market cap of $858.07 million, a price-to-earnings ratio of 20.02 and a beta of 0.96.

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

Gray Media Company Profile

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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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