Gray Media (NYSE:GTN.A) Hits New 52-Week High – Should You Buy?

Shares of 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. The stock had previously closed at $12.00.

Gray Media Stock Up 1.5%

The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $9.85. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 29.72 and a beta of 0.89.

Gray Media (NYSE:GTN.A) last released its quarterly earnings data 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 net margin of 2.81% and a return on equity of 5.50%.

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.