Gray Television (NYSE:GTN.A) Sees Strong Trading Volume

Gray Television, Inc. (NYSE:GTN.A) shares saw unusually-strong trading volume on Monday . Approximately 9,502 shares were traded during mid-day trading, an increase of 293% from the previous session’s volume of 2,417 shares.The stock last traded at $7.77 and had previously closed at $6.72.

Gray Television Stock Performance

The firm has a 50 day moving average price of $8.05 and a 200-day moving average price of $8.13. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $690.00 million, a P/E ratio of -56.00 and a beta of 1.32.

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

Gray Television Announces Dividend

The business 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 of this dividend is Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.60%. Gray Television’s payout ratio is -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.