Gray Media (NYSE:GTN.A) Shares Up 10.7% - Still a Buy?

Key Points

• Shares jumped 10.7% to about $13.86 (intraday high $14.17) on Wednesday, but the move occurred on very light volume—3,496 shares, roughly 80% below the average session.
• Gray reported a quarterly loss per share of $0.22 and shows negative profitability metrics (net margin -2.75%, ROE -2.51%), with a negative price-to-earnings ratio of -9.73, indicating it remains unprofitable.
• The firm carries high leverage (debt-to-equity 2.66) with a market cap of $1.43 billion, while the stock trades above its 50-day ($12.07) and 200-day ($10.60) moving averages, reflecting recent technical strength.

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) shot up 10.7% on Wednesday . The company traded as high as $14.17 and last traded at $13.86. 3,496 shares changed hands during trading, a decline of 80% from the average session volume of 17,170 shares. The stock had previously closed at $12.52.

Gray Media Trading Up 10.3%

The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -9.73 and a beta of 0.92. The business has a fifty day simple moving average of $12.07 and a 200-day simple moving average of $10.60.

Gray Media (NYSE:GTN.A - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $792.00 million for the quarter. Gray Media had a negative net margin of 2.75% and a negative return on equity of 2.51%.

Gray Media Company Profile

Gray Media, doing business as Gray Television, Inc, operates an extensive network of local television stations and digital platforms across the United States. The company's broadcast portfolio offers a mix of network-affiliated programming—ranging from national news and entertainment from ABC, CBS, NBC and Fox—to locally produced content including news, sports and weather coverage. In addition to traditional broadcast, Gray Media provides digital advertising, streaming and over-the-top solutions through its websites, mobile apps and branded digital marketplaces.

Established in 1946 as Gray Communications Systems, the company went public in 2006 and adopted the Gray Television name in 2010.

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