Gray Television (NYSE:GTN.A) Trading Down 6.1% – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A)’s share price traded down 6.1% during trading on Wednesday . The company traded as low as $7.30 and last traded at $7.41. 770 shares were traded during mid-day trading, a decline of 90% from the average session volume of 8,021 shares. The stock had previously closed at $7.89.

Gray Television Stock Down 5.9 %

The company has a 50-day moving average of $7.13 and a two-hundred day moving average of $7.18. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $754.06 million, a PE ratio of 4.97 and a beta of 1.24.

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

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.31%. Gray Television’s dividend payout ratio (DPR) is presently 9.61%.

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.