Gray Media (NYSE:GTN.A) Shares Gap Up – Still a Buy?

Gray Media Inc. (NYSE:GTN.A)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $5.58, but opened at $5.90. Gray Media shares last traded at $5.90, with a volume of 318 shares.

Gray Media Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.73. The company’s fifty day moving average is $5.66 and its two-hundred day moving average is $7.70. The stock has a market cap of $607.61 million, a price-to-earnings ratio of -9.67 and a beta of 0.57.

Gray Media (NYSE:GTN.A) last released its quarterly earnings results on Friday, August 7th. The company reported $0.21 EPS for the quarter. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%. The company had revenue of $839.00 million for the quarter.

Gray Media Company Profile

Gray Media, Inc (NYSE: GTN.A) is a multimedia company that owns and operates local television stations and related digital media businesses across the United States. Its stations provide local news, weather, sports, public affairs programming and entertainment, serving viewers through broadcast television, websites, mobile applications and other digital platforms.

The company’s stations are affiliated with major networks, including ABC, CBS, NBC, FOX, The CW and MyNetworkTV. Gray Media also produces original content and operates additional media businesses, including digital advertising and video production services.