Gray Television (NYSE:GTN.A) Trading Down 5.1% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s share price traded down 5.1% on Monday . The stock traded as low as $7.59 and last traded at $7.89. 9,532 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 4,700 shares. The stock had previously closed at $8.31.

Gray Television Price Performance

The company has a market capitalization of $726.59 million, a price-to-earnings ratio of 5.54 and a beta of 1.29. The company has a fifty day simple moving average of $7.40 and a two-hundred day simple moving average of $8.09. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.63 and a current ratio of 1.13.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.39%. Gray Television’s dividend payout ratio is presently 21.33%.

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.