Gray Television (NYSE:GTN.A) Stock Price Down 5.1% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s stock price dropped 5.1% on Wednesday . The company traded as low as $7.91 and last traded at $8.06. Approximately 259 shares changed hands during trading, a decline of 97% from the average daily volume of 8,030 shares. The stock had previously closed at $8.49.

Gray Television Trading Down 5.1 %

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 company has a market cap of $794.07 million, a price-to-earnings ratio of 5.21 and a beta of 1.24. The business’s fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $7.19.

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

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, March 14th. Gray Television’s payout ratio 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.