Gray Media (NYSE:GTN.A) Reaches New 12-Month High - Still a Buy?

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $12.50 and last traded at $11.93, with a volume of 5819 shares trading hands. The stock had previously closed at $11.29.

Gray Media Trading Up 2.8%

The firm's 50-day simple moving average is $8.79 and its 200 day simple moving average is $7.69. The stock has a market cap of $1.18 billion, a P/E ratio of 5.02 and a beta of 1.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.48.

Gray Media (NYSE:GTN.A - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.23) EPS for the quarter. Gray Media had a net margin of 7.72% and a return on equity of 12.75%.

Gray Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.76%. Gray Media's dividend payout ratio (DPR) is 13.85%.

About Gray Media

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.