Gray Television (NYSE:GTN.A) Sees Large Volume Increase – What’s Next?

Shares of Gray Television, Inc. (NYSE:GTN.A) saw an uptick in trading volume on Tuesday . 8,282 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 7,322 shares.The stock last traded at $7.19 and had previously closed at $7.14.

Gray Television Trading Up 0.7 %

The firm’s 50-day simple moving average is $7.21 and its 200-day simple moving average is $7.88. The firm has a market capitalization of $716.61 million, a PE ratio of 4.79 and a beta of 1.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s dividend payout ratio is presently 21.33%.

About Gray Television

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.