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

Key Points

• Gray Media's stock (NYSE:GTN.A) experienced a significant trading volume increase of 172%, reaching approximately 7,251 shares on the latest trading day.
• The company reported a quarterly net loss of ($0.42) EPS and revenue of $772 million, with a profit margin of 5.64%.
• Gray Media announced a quarterly dividend of $0.08 per share, yielding approximately 3.1%, to be paid on September 30th.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares saw strong trading volume on Tuesday . 7,251 shares were traded during trading, an increase of 172% from the previous session's volume of 2,664 shares.The stock last traded at $9.80 and had previously closed at $9.63.

Gray Media Trading Down 1.8%

The company has a market cap of $1.09 billion, a price-to-earnings ratio of 7.06 and a beta of 1.10. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87. The firm's fifty day moving average price is $10.32 and its 200-day moving average price is $8.45.

Gray Media (NYSE:GTN.A - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The firm had revenue of $772.00 million for the quarter.

Gray Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 3.0%. Gray Media's dividend payout ratio is presently 21.19%.

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.