Gray Television (NYSE:GTN.A) Shares Gap Down – Here’s What Happened

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped down prior to trading on Thursday . The stock had previously closed at $7.29, but opened at $7.01. Gray Television shares last traded at $7.30, with a volume of 4,307 shares changing hands.

Gray Television Stock Down 0.4 %

The company’s 50 day moving average price is $7.19 and its two-hundred day moving average price is $7.85. 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 $723.58 million, a PE ratio of 4.84 and a beta of 1.22.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.41%. Gray Television’s payout ratio is currently 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.