Gray Television (NYSE:GTN.A) Stock Price Down 4% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) shares traded down 4% on Tuesday . The stock traded as low as $7.73 and last traded at $7.73. 189 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 2,496 shares. The stock had previously closed at $8.05.

Gray Television Trading Down 0.5 %

The company has a market cap of $798.36 million, a P/E ratio of 115.02 and a beta of 1.29. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.98. The business has a fifty day moving average price of $7.50 and a 200-day moving average price of $8.14.

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

Gray Television Announces Dividend

The firm also recently announced 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 dividend yield of 4.00%. The ex-dividend date was Friday, September 13th. Gray Television’s dividend payout ratio is presently 457.21%.

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.