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

Gray Media Inc. (NYSE:GTN.A)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $5.89, but opened at $6.60. Gray Media shares last traded at $6.60, with a volume of 474 shares trading hands.

Gray Media Stock Down 6.0%

The company has a market capitalization of $581.86 million, a PE ratio of 19.48 and a beta of 0.46. The company has a quick ratio of 0.95, a current ratio of 0.92 and a debt-to-equity ratio of 2.63. The stock has a 50-day moving average of $5.83 and a 200 day moving average of $8.53.

Gray Media (NYSE:GTN.A) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $972.00 million during the quarter. Gray Media had a net margin of 1.84% and a return on equity of 2.98%.

About Gray Media

Gray Media, Inc., formerly known as Gray Television, is a U.S. multimedia company focused on local television broadcasting. It owns and operates television stations that provide local news, weather, sports and entertainment programming, along with network and syndicated content. The company’s stations serve communities across the United States and include affiliates of major broadcast networks. Gray Media also offers digital advertising and marketing services and produces original content through its broadcast and production operations.