Gray Television (NYSE:GTN.A) Shares Down 6.1% – Time to Sell?

Gray Television, Inc. (NYSE:GTN.A) fell 6.1% during trading on Wednesday . The company traded as low as $7.30 and last traded at $7.41. Approximately 770 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 8,021 shares. The stock had previously closed at $7.89.

Gray Television Stock Down 3.3 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market cap of $744.31 million, a P/E ratio of 4.89 and a beta of 1.24. The firm’s 50 day moving average is $7.13 and its two-hundred day moving average is $7.19.

Gray Television (NYSE:GTN.A) last released its quarterly earnings data 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 business had revenue of $1.05 billion during the quarter.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.37%. Gray Television’s payout ratio is 9.61%.

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.