Gray Television (NYSE:GTN.A) Shares Gap Down to $7.82

Gray Television, Inc. (NYSE:GTN.A) gapped down before the market opened on Tuesday . The stock had previously closed at $7.82, but opened at $7.52. Gray Television shares last traded at $7.52, with a volume of 688 shares trading hands.

Gray Television Trading Down 5.4 %

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The firm has a market cap of $701.68 million, a price-to-earnings ratio of -58.67 and a beta of 1.33. The company has a fifty day moving average price of $8.68 and a 200-day moving average price of $8.05.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $826.00 million during the quarter. Gray Television had a return on equity of 3.02% and a net margin of 1.84%.

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Friday, September 13th. Gray Television’s payout ratio is currently -266.67%.

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.