Gray Television, Inc. (NYSE:GTN.A – Get Rating) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.86 and traded as high as $11.90. Gray Television shares last traded at $11.69, with a volume of 2,984 shares trading hands.
Wall Street Analyst Weigh In
Separately, TheStreet cut shares of Gray Television from a “b-” rating to a “c” rating in a research note on Thursday, December 8th.
Gray Television Trading Up 3.6 %
The company has a debt-to-equity ratio of 3.41, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 4.44 and a beta of 1.21. The business’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $13.97.
Gray Television Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.74%. Gray Television’s dividend payout ratio (DPR) is 12.17%.
Gray Television 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.
- Get a free copy of the StockNews.com research report on Gray Television (GTN.A)
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