Gray Media (NYSE:GTN.A) Stock Price Up 9.5% - Time to Buy?

Key Points

• Gray Media Inc. (NYSE:GTN.A) shares rose 9.5% on Tuesday, reaching a high of $10.95, while trading volume decreased by 48% compared to the average.
• The company reported a quarterly EPS of ($0.42) with a revenue of $772 million and announced a dividend of $0.08 per share with a yield of 3.2%.
• Gray Media's stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 6.70, indicating a potentially undervalued status in the market.

Gray Media Inc. (NYSE:GTN.A - Get Free Report)'s share price shot up 9.5% during trading on Tuesday . The stock traded as high as $9.90 and last traded at $10.95. 831 shares changed hands during trading, a decline of 48% from the average session volume of 1,595 shares. The stock had previously closed at $10.00.

Gray Media Price Performance

The stock has a market capitalization of $1.06 billion, a P/E ratio of 6.90 and a beta of 1.13. The stock's fifty day moving average is $10.37 and its 200-day moving average is $8.90. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87.

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

Gray Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. Gray Media's payout ratio is presently 21.19%.

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.