Gray Television (NYSE:GTN.A) Shares Gap Down – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $7.58, but opened at $7.41. Gray Television shares last traded at $7.28, with a volume of 884 shares changing hands.

Gray Television Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm’s fifty day moving average price is $7.08 and its 200-day moving average price is $7.62. The firm has a market cap of $724.10 million, a price-to-earnings ratio of 4.84 and a beta of 1.21.

Gray Television (NYSE:GTN.A) last announced its earnings results on Friday, November 8th. The company reported $0.86 EPS for the quarter. The business had revenue of $950.00 million during the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Friday, December 13th. Gray Television’s dividend payout ratio is currently 21.33%.

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.