Gray Television (NYSE:GTN.A) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Gray Television, Inc. (NYSE:GTN.A) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.10 and traded as low as $7.76. Gray Television shares last traded at $7.81, with a volume of 607 shares trading hands.

Gray Television Price Performance

The stock’s fifty day moving average price is $7.57 and its 200-day moving average price is $8.11. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $788.37 million, a price-to-earnings ratio of 113.00 and a beta of 1.32.

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

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.08 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 4.05%. Gray Television’s dividend payout ratio is presently 457.14%.

About Gray Television

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.