Gray Television (NYSE:GTN.A) Shares Gap Down – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.23, but opened at $6.00. Gray Television shares last traded at $6.90, with a volume of 1,212 shares traded.

Gray Television Price Performance

The firm’s 50 day moving average is $7.02 and its 200 day moving average is $7.20. The firm has a market cap of $689.38 million, a P/E ratio of 4.47 and a beta of 1.24. 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 (NYSE:GTN.A) last announced its earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The company had revenue of $1.05 billion for the quarter.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is presently 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.