Gray Media (NYSE:GTN.A) Trading 2.8% Higher – Still a Buy?

Gray Media Inc. (NYSE:GTN.A) rose 2.8% during mid-day trading on Monday . The company traded as high as $9.53 and last traded at $10.08. Approximately 112 shares traded hands during trading, a decline of 97% from the average daily volume of 3,646 shares. The stock had previously closed at $9.81.

Gray Media Trading Up 14.6%

The company’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $9.79. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 28.23 and a beta of 0.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60.

Gray Media (NYSE:GTN.A) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $749.00 million during the quarter. Gray Media had a net margin of 2.81% and a return on equity of 5.50%.

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.