Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A) saw unusually-high trading volume on Wednesday . Approximately 22,250 shares changed hands during trading, an increase of 368% from the previous session’s volume of 4,759 shares.The stock last traded at $6.90 and had previously closed at $7.08.

Gray Television Stock Down 1.1 %

The stock has a market capitalization of $697.69 million, a price-to-earnings ratio of 4.67 and a beta of 1.29. The firm has a 50-day moving average of $7.35 and a 200 day moving average of $8.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television Announces Dividend

The company 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s payout ratio is 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.