Gray Television (NYSE:GTN.A) Stock Price Up 4.4% – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A)’s stock price traded up 4.4% during trading on Tuesday . The stock traded as high as $6.60 and last traded at $6.58. 7,056 shares were traded during trading, an increase of 8% from the average session volume of 6,532 shares. The stock had previously closed at $6.30.

Gray Television Stock Performance

The company has a market cap of $721.59 million, a PE ratio of 4.83 and a beta of 1.22. The stock has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $7.96. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.42%. Gray Television’s dividend payout ratio (DPR) is currently 21.33%.

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.