Gray Television (NYSE:GTN.A) Reaches New 12-Month Low at $8.40

Shares of Gray Television, Inc. (NYSE:GTN.AGet Rating) hit a new 52-week low on Friday . The company traded as low as $8.40 and last traded at $8.42, with a volume of 1753 shares trading hands. The stock had previously closed at $8.54.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of Gray Television from a “b-” rating to a “c” rating in a research note on Thursday, December 8th.

Gray Television Trading Down 1.9 %

The firm has a market cap of $777.97 million, a PE ratio of 1.93 and a beta of 1.27. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.10 and a current ratio of 2.10. The company has a 50 day simple moving average of $11.21 and a two-hundred day simple moving average of $12.23.

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 3.82%. Gray Television’s dividend payout ratio is presently 7.37%.

Gray Television Company Profile

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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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