Gray Television (NYSE:GTN.A) Trading Up 4.8%

Gray Television, Inc. (NYSE:GTN.A)’s stock price shot up 4.8% during mid-day trading on Tuesday . The company traded as high as $9.91 and last traded at $9.90. 442 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 2,322 shares. The stock had previously closed at $9.45.

Analysts Set New Price Targets

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

Gray Television Price Performance

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.99. The stock has a fifty day simple moving average of $8.14 and a 200-day simple moving average of $8.07.

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

Gray Television Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, June 14th. Gray Television’s payout ratio is currently -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.