Gray Television (NYSE:GTN.A) Shares Gap Up – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) shares gapped up prior to trading on Monday . The stock had previously closed at $7.27, but opened at $7.63. Gray Television shares last traded at $7.63, with a volume of 183 shares traded.

Gray Television Trading Up 5.0 %

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 $756.42 million, a price-to-earnings ratio of -60.58 and a beta of 1.32. The business has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $8.13.

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 return on equity of 3.02% and a net margin of 1.84%. The business had revenue of $826.00 million during the quarter.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Friday, September 13th. Gray Television’s dividend payout ratio is -266.67%.

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.