Gray Television (NYSE:GTN.A) Stock Price Down 5.1% – Here’s Why

Posted by Jessica Moore on Mar 28th, 2025

Gray Television, Inc. (NYSE:GTN.A – Get Free Report) shares fell 5.1% on Wednesday . The stock traded as low as $7.91 and last traded at $8.06. 259 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 8,030 shares. The stock had previously closed at $8.49.

Gray Television Stock Performance

The firm’s 50 day moving average price is $7.09 and its 200-day moving average price is $7.19. The firm has a market cap of $794.07 million, a price-to-earnings ratio of 5.21 and a beta of 1.24. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

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

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, March 14th. Gray Television’s payout ratio is presently 9.61%.

About Gray Television

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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.