Gray Television (NYSE:GTN.A) Shares Gap Up to $6.82

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.82, but opened at $7.05. Gray Television shares last traded at $7.05, with a volume of 175 shares trading hands.

Gray Television Stock Up 3.4 %

The firm has a market cap of $702.67 million, a price-to-earnings ratio of -55.00 and a beta of 1.32. The stock’s 50 day moving average is $8.10 and its 200 day moving average is $8.10. 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 issued its quarterly earnings results on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Gray Television had a return on equity of 3.02% and a net margin of 1.84%. The firm had revenue of $826.00 million during the quarter.

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Friday, September 13th. 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.