Gray Media (NYSE:GTN.A) Shares Gap Up - Should You Buy?

Key Points

• Gray Media's stock price surged from $9.40 to $9.90 before trading, with the last traded price at $10.02.
• The company reported a quarterly loss of ($0.42) EPS and revenue of $772 million in its last earnings announcement.
• Gray Media announced a quarterly dividend of $0.08, yielding 3.2%, with the payout ratio at 21.19%.

Gray Media Inc. (NYSE:GTN.A - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.40, but opened at $9.90. Gray Media shares last traded at $10.02, with a volume of 811 shares traded.

Gray Media Price Performance

The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87. The stock's 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $9.08. The firm has a market capitalization of $1.02 billion, a PE ratio of 6.63 and a beta of 1.13.

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

Gray Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.08 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 3.2%. Gray Media's payout ratio is currently 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.

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