Gray Media (NYSE:GTN.A) Trading Up 17.2% - Should You Buy?

Key Points

• Gray Media's stock surged by 17.2% on Monday, reaching a last trading price of $11.81, up from a previous close of $10.07.
• The company reported a quarterly earnings loss of ($0.42) per share, with revenue of $772 million and a return on equity of 10.31%.
• Gray Media announced a quarterly dividend of $0.08 per share, representing an annualized yield of 2.7% and a payout ratio of 21.19%.

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) traded up 17.2% during trading on Monday . The company traded as high as $10.71 and last traded at $11.81. 2,507 shares were traded during mid-day trading, a decline of 36% from the average session volume of 3,920 shares. The stock had previously closed at $10.07.

Gray Media Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56. The company's 50 day moving average is $10.24 and its 200-day moving average is $9.18. The stock has a market cap of $1.19 billion, a PE ratio of 7.74 and a beta of 1.10.

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. 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 during the quarter.

Gray Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 15th. 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.

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