Gray Media (NYSE:GTN.A) Stock Jumps 14.2% – Still a Buy?

Gray Media Inc. (NYSE:GTN.A) shares shot up 14.2% on Monday. The stock traded as high as $8.82 and last traded at $8.82. 6,073 shares changed hands during trading, a decline of 27% from the average session volume of 8,317 shares. The stock had previously closed at $7.72.

Gray Media Trading Up 2.6%

The stock has a 50-day moving average price of $5.75 and a 200-day moving average price of $8.80. The stock has a market cap of $815.60 million, a P/E ratio of -12.98 and a beta of 0.46. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.95 and a current ratio of 0.95.

Gray Media (NYSE:GTN.A) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $839.00 million during the quarter. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%.

About Gray Media

Gray Media, Inc is a multimedia company that owns and operates local television stations and related digital media businesses in the United States. Its stations provide local news, weather, sports, entertainment and public-affairs programming, and many are affiliated with major national broadcast networks. The company also distributes content through station websites, mobile applications, streaming platforms and other digital channels.

Gray Media serves communities across a broad range of U.S.