Gray Media (NYSE:GTN.A) Sees Large Volume Increase - Should You Buy?

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) saw strong trading volume on Tuesday . 9,557 shares changed hands during trading, an increase of 14% from the previous session's volume of 8,392 shares.The stock last traded at $11.11 and had previously closed at $11.29.

Gray Media Stock Up 1.4%

The company has a market cap of $1.16 billion, a PE ratio of 4.95 and a beta of 1.08. The stock has a 50-day moving average of $8.79 and a 200-day moving average of $7.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.48.

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

Gray Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, June 13th. Gray Media's dividend payout ratio is 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.