Gray Television (NYSE:GTN.A) Stock Price Down 4% – Here’s Why

Gray Television, Inc. (NYSE:GTN.A)’s share price traded down 4% during trading on Tuesday . The company traded as low as $7.73 and last traded at $7.73. 189 shares were traded during mid-day trading, a decline of 92% from the average session volume of 2,496 shares. The stock had previously closed at $8.05.

Gray Television Trading Down 0.5 %

The business has a fifty day moving average of $7.50 and a 200-day moving average of $8.14. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $798.36 million, a P/E ratio of 115.02 and a beta of 1.29.

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

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Friday, September 13th. Gray Television’s payout ratio is currently 457.21%.

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.