Gray Media (NYSE:GTN.A) Stock Price Up 7.1% – Should You Buy?

Gray Media Inc. (NYSE:GTN.A)’s stock price rose 7.1% during mid-day trading on Monday. The company traded as high as $6.89 and last traded at $6.48. 13,519 shares were traded during trading, an increase of 67% from the average session volume of 8,092 shares. The stock had previously closed at $6.05.

Gray Media Price Performance

The business has a 50-day simple moving average of $5.69 and a 200 day simple moving average of $7.52. The firm has a market cap of $667.31 million, a P/E ratio of -10.62 and a beta of 0.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

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

Gray Media Company Profile

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.