Gray Media (NYSE:GTN.A) Trading 7.9% Higher - Should You Buy?

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares shot up 7.9% on Thursday . The stock traded as high as $11.50 and last traded at $12.00. 577 shares were traded during trading, a decline of 93% from the average session volume of 8,399 shares. The stock had previously closed at $11.12.

Gray Media Stock Down 4.1%

The firm's 50 day simple moving average is $9.00 and its 200 day simple moving average is $7.77. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 4.77 and a beta of 1.08. 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 data 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 company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.08 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.90%. Gray Media's dividend payout ratio (DPR) is presently 13.85%.

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.