Gray Television (NYSE:GTN.A) Shares Gap Down to $9.37

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.37, but opened at $8.86. Gray Television shares last traded at $8.86, with a volume of 642 shares changing hands.

Gray Television Price Performance

The company’s 50 day moving average is $8.75 and its 200-day moving average is $8.14. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $878.38 million, a price-to-earnings ratio of -73.83 and a beta of 1.33.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $823.00 million during the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.61%. Gray Television’s payout ratio is presently -266.67%.

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.