Gray Television (NYSE:GTN.A) Stock Price Down 5.1% – Here’s Why

Gray Television, Inc. (NYSE:GTN.A)’s stock price was down 5.1% during mid-day trading on Monday . The company traded as low as $7.59 and last traded at $7.89. Approximately 9,532 shares changed hands during trading, an increase of 103% from the average daily volume of 4,700 shares. The stock had previously closed at $8.31.

Gray Television Price Performance

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 $752.49 million, a price-to-earnings ratio of 5.03 and a beta of 1.29. The company’s 50-day moving average is $7.39 and its 200-day moving average is $8.08.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, December 13th. Gray Television’s payout ratio is 21.33%.

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.