Gray Media (NYSE:GTN.A) Reaches New 1-Year High – Time to Buy?

Gray Media Inc. (NYSE:GTN.A) reached a new 52-week high on Saturday . The company traded as high as $13.00 and last traded at $12.1850, with a volume of 3934 shares traded. The stock had previously closed at $12.00.

Gray Media Price Performance

The firm has a 50 day moving average of $9.07 and a 200-day moving average of $9.86. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.60. The company has a market cap of $1.24 billion, a P/E ratio of 29.72 and a beta of 0.89.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.24) EPS for the quarter. The company had revenue of $749.00 million during the quarter. Gray Media had a return on equity of 5.50% and a net margin of 2.81%.

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.