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

Gray Television, Inc. (NYSE:GTN.A) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.88, but opened at $7.12. Gray Television shares last traded at $6.90, with a volume of 101 shares trading hands.

Gray Television Price Performance

The business has a fifty day moving average price of $6.99 and a 200 day moving average price of $7.17. The company has a market capitalization of $743.29 million, a price-to-earnings ratio of 4.88 and a beta of 1.24. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television (NYSE:GTN.A) last announced its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The business had revenue of $1.05 billion during the quarter.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.37%. Gray Television’s dividend payout ratio (DPR) is 9.61%.

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.