Gray Media (NYSE:GTN.A) Trading Up 12.2% - What's Next?

Key Points

• 12.2% jump: Gray Media (NYSE:GTN.A) rose 12.2% to $11.80 on Tuesday (intraday high $11.81), but trading was thin at 2,010 shares—about 85% below average volume.
• Weak recent results: The company reported Q EPS of ($0.22) with a negative net margin (-2.75%) and ROE (-2.51%) on $792 million of revenue, and carries a negative P/E and a debt-to-equity ratio of 2.66.
• Business footprint and valuation: Gray Television runs a large portfolio of local TV stations and digital/streaming ad services and has a market capitalization of roughly $1.23 billion.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shot up 12.2% during trading on Tuesday . The stock traded as high as $11.81 and last traded at $11.80. 2,010 shares traded hands during trading, a decline of 85% from the average session volume of 13,231 shares. The stock had previously closed at $10.52.

Gray Media Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average price of $11.28 and a 200 day moving average price of $10.83. The company has a market capitalization of $1.23 billion, a P/E ratio of -8.38 and a beta of 0.63.

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

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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