Gray Television (NYSE:GTN.A) Shares Gap Down to $6.50

Gray Television, Inc. (NYSE:GTN.AGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $6.50, but opened at $6.26. Gray Television shares last traded at $6.26, with a volume of 120 shares changing hands.

Gray Television Stock Up 10.0 %

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s fifty day moving average is $8.26 and its 200-day moving average is $8.25.

Gray Television (NYSE:GTN.AGet Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%. The firm had revenue of $864.00 million during the quarter.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Thursday, March 14th. Gray Television’s dividend payout ratio is currently -23.02%.

Gray Television Company Profile

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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.

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