Gray Television (NYSE:GTN.A) Stock Price Up 7.3%

Gray Television, Inc. (NYSE:GTN.A)’s share price rose 7.3% during trading on Tuesday . The stock traded as high as $9.70 and last traded at $9.70. Approximately 375 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 2,291 shares. The stock had previously closed at $9.04.

Wall Street Analysts Forecast Growth

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

Gray Television Stock Performance

The business’s 50-day moving average is $8.33 and its two-hundred day moving average is $8.09. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.42 and a quick ratio of 1.42.

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

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.32 annualized dividend and a dividend yield of 3.34%. Gray Television’s dividend payout ratio is presently -266.67%.

Gray Television Company Profile

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.