Gray Media (NYSE:GTN.A) Shares Gap Up – Should You Buy?

Gray Media Inc. (NYSE:GTN.A – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $4.84, but opened at $5.34. Gray Media shares last traded at $5.34, with a volume of 122 shares changing hands.

Gray Media Trading Down 2.0%

The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average of $6.21 and a 200-day moving average of $8.42. The firm has a market cap of $549.93 million, a price-to-earnings ratio of -8.75 and a beta of 0.48.

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

About Gray Media

(Get Free Report)

Gray Media, Inc 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 through network-affiliated and independent channels, while the company’s digital platforms extend that content to websites, mobile applications and connected-TV services.

The company also operates businesses involved in television production, content distribution and digital advertising.

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