Gray Television (NYSE:GTN.A) Shares Down 1.9%

Gray Television, Inc. (NYSE:GTN.A)’s stock price fell 1.9% during trading on Wednesday . The company traded as low as $7.57 and last traded at $7.57. 103 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 2,178 shares. The stock had previously closed at $7.72.

Gray Television Price Performance

The company’s fifty day simple moving average is $8.33 and its 200-day simple moving average is $8.08. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $740.56 million, a PE ratio of -62.25 and a beta of 1.32.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $826.00 million for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.28%. Gray Television’s dividend payout ratio (DPR) 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.