Gray Television (NYSE:GTN.A) Shares Gap Down to $7.38

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $7.38, but opened at $7.22. Gray Television shares last traded at $7.22, with a volume of 8 shares trading hands.

Gray Television Stock Performance

The company has a 50-day moving average of $8.25 and a 200 day moving average of $8.11. The firm has a market capitalization of $715.78 million, a PE ratio of -60.17 and a beta of 1.32. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.98.

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

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.08 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.43%. Gray Television’s dividend payout ratio (DPR) is -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.