Gray Television (NYSE:GTN.A) Trading Down 4.4% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) fell 4.4% during trading on Wednesday . The stock traded as low as $6.10 and last traded at $6.30. 1,013 shares were traded during trading, a decline of 87% from the average session volume of 7,904 shares. The stock had previously closed at $6.59.

Gray Television Stock Up 4.2 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock has a 50-day simple moving average of $7.10 and a two-hundred day simple moving average of $7.30. The firm has a market cap of $633.38 million, a PE ratio of 4.15 and a beta of 1.21.

Gray Television (NYSE:GTN.A) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The firm had revenue of $1.05 billion for the quarter.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.04%. Gray Television’s payout ratio is currently 9.61%.

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.