Gray Television (NYSE:GTN.A) Shares Gap Down to $9.00

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped down before the market opened on Tuesday . The stock had previously closed at $9.00, but opened at $8.50. Gray Television shares last traded at $8.50, with a volume of 148 shares traded.

Gray Television Price Performance

The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $778.23 million, a P/E ratio of -65.42 and a beta of 1.33. The stock has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $8.07.

Gray Television Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 4.08%. Gray Television’s dividend payout ratio (DPR) is -266.67%.

About Gray Television

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.