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

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.23, but opened at $6.00. Gray Television shares last traded at $6.90, with a volume of 1,212 shares changing hands.

Gray Television Stock Performance

The stock’s 50-day simple moving average is $7.01 and its 200 day simple moving average is $7.19. 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 capitalization of $688.46 million, a PE ratio of 4.52 and a beta of 1.24.

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

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television’s payout ratio 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.