Gray Television (NYSE:GTN.A) Shares Gap Down – Time to Sell?

Gray Television, Inc. (NYSE:GTN.A) shares gapped down prior to trading on Wednesday . The stock had previously closed at $7.36, but opened at $7.12. Gray Television shares last traded at $7.25, with a volume of 1,189 shares.

Gray Television Stock Up 4.4 %

The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $716.27 million, a PE ratio of -60.21 and a beta of 1.32. The company’s 50-day moving average price is $7.92 and its 200 day moving average price is $8.14.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%. The company had revenue of $826.00 million for the quarter.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.43%. The ex-dividend date was Friday, September 13th. Gray Television’s dividend 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.