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

Shares of Gray Media Inc. (NYSE:GTN.A) gapped up prior to trading on Monday . The stock had previously closed at $9.06, but opened at $9.34. Gray Media shares last traded at $9.01, with a volume of 472 shares changing hands.

Gray Media Price Performance

The company has a market cap of $915.38 million, a P/E ratio of 3.90 and a beta of 1.01. The firm’s 50-day moving average is $7.97 and its two-hundred day moving average is $7.39. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.91 and a quick ratio of 0.91.

Gray Media (NYSE:GTN.A) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) EPS for the quarter. Gray Media had a return on equity of 13.78% and a net margin of 7.72%.

Gray Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 13th. This represents a $0.32 annualized dividend and a yield of 3.55%. Gray Media’s payout ratio is currently 13.85%.

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.