Gray Television (NYSE:GTN.A) Shares Gap Up to $7.82

Gray Television, Inc. (NYSE:GTN.A) gapped up before the market opened on Friday . The stock had previously closed at $7.82, but opened at $8.47. Gray Television shares last traded at $8.47, with a volume of 575 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Gray Television from a “c-” rating to a “d+” rating in a report on Tuesday, March 12th.

Gray Television Stock Up 25.4 %

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 company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -88.50 and a beta of 1.24. The stock’s fifty day simple moving average is $7.99 and its two-hundred day simple moving average is $8.05.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.79 earnings per share for the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%. The company had revenue of $823.00 million during the quarter.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 3.01%. Gray Television’s payout ratio is presently -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.