Gray Television (NYSE:GTN.A) Shares Down 4.4% – Should You Sell?

Gray Television, Inc. (NYSE:GTN.A)’s share price fell 4.4% during trading on Wednesday . The stock traded as low as $6.10 and last traded at $6.30. 1,013 shares traded hands during trading, a decline of 87% from the average session volume of 7,904 shares. The stock had previously closed at $6.59.

Gray Television Trading Up 4.2 %

The stock’s fifty day moving average price is $7.10 and its 200 day moving average price is $7.30. The stock has a market cap of $633.38 million, a P/E ratio of 4.15 and a beta of 1.21. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76.

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

Gray Television Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.04%. 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.