Gray Television (NYSE:GTN.A) Shares Down 3.1% – Should You Sell?

Shares of Gray Television, Inc. (NYSE:GTN.A) dropped 3.1% during mid-day trading on Wednesday . The company traded as low as $6.97 and last traded at $6.97. Approximately 2,434 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 8,599 shares. The stock had previously closed at $7.19.

Gray Television Stock Down 1.7 %

The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $695.80 million, a price-to-earnings ratio of 4.65 and a beta of 1.21. The business has a 50-day simple moving average of $7.05 and a 200-day simple moving average of $7.72.

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Friday, December 13th. Gray Television’s dividend payout ratio (DPR) is presently 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.