Gray Television (NYSE:GTN.A) Shares Gap Down – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.AGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.23, but opened at $6.00. Gray Television shares last traded at $6.90, with a volume of 1,212 shares traded.

Gray Television Stock Up 9.0 %

The firm has a fifty day simple moving average of $7.02 and a 200 day simple moving average of $7.20. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $689.38 million, a PE ratio of 4.47 and a beta of 1.24.

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

Gray Television Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, March 14th. Gray Television’s payout ratio is currently 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.

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