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

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped down before the market opened on Monday . The stock had previously closed at $6.55, but opened at $6.31. Gray Television shares last traded at $6.62, with a volume of 276 shares.

Gray Television Trading Down 2.3 %

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 company has a market cap of $637.87 million, a PE ratio of 4.27 and a beta of 1.21. The company has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $7.32.

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 company had revenue of $1.05 billion during the quarter.

Gray Television Announces Dividend

The business 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. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.00%. Gray Television’s dividend payout ratio is currently 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.