Gray Television (NYSE:GTN.A) Shares Gap Up to $9.80

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped up prior to trading on Thursday . The stock had previously closed at $9.80, but opened at $10.30. Gray Television shares last traded at $10.30, with a volume of 148 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Gray Television Price Performance

The stock has a market cap of $899.20 million, a P/E ratio of -75.58 and a beta of 1.24. The company has a 50 day simple moving average of $8.27 and a 200 day simple moving average of $8.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.99.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.79 earnings per share (EPS) for the quarter. Gray Television had a return on equity of 2.13% and a net margin of 1.30%. The company had revenue of $823.00 million for the quarter.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, June 14th. Gray Television’s dividend payout ratio is currently -266.67%.

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.