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

Gray Media Inc. (NYSE:GTN.A) shares gapped up prior to trading on Friday . The stock had previously closed at $13.76, but opened at $14.60. Gray Media shares last traded at $13.49, with a volume of 1,185 shares.

Gray Media Price Performance

The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 32.90 and a beta of 0.89. 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 company has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $10.12.

Gray Media (NYSE:GTN.A) last issued its earnings results on Friday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm 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%.

About Gray Media

Gray Media, doing business as Gray Television, Inc, operates an extensive network of local television stations and digital platforms across the United States. The company’s broadcast portfolio offers a mix of network-affiliated programming—ranging from national news and entertainment from ABC, CBS, NBC and Fox—to locally produced content including news, sports and weather coverage. In addition to traditional broadcast, Gray Media provides digital advertising, streaming and over-the-top solutions through its websites, mobile apps and branded digital marketplaces.

Established in 1946 as Gray Communications Systems, the company went public in 2006 and adopted the Gray Television name in 2010.