Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) saw strong trading volume on Friday . 9,139 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 3,946 shares.The stock last traded at $7.53 and had previously closed at $6.88.

Gray Television Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.63 and a debt-to-equity ratio of 2.76. The company’s 50 day moving average is $7.40 and its 200-day moving average is $8.09. The stock has a market cap of $828.26 million, a PE ratio of 5.54 and a beta of 1.29.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 3.85%. Gray Television’s dividend payout ratio is presently 21.33%.

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.