Gray Television (NYSE:GTN.A) Trading Down 1.9%

Gray Television, Inc. (NYSE:GTN.A) shares traded down 1.9% during trading on Wednesday . The company traded as low as $7.57 and last traded at $7.57. 103 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 2,178 shares. The stock had previously closed at $7.72.

Gray Television Price Performance

The stock has a market capitalization of $765.35 million, a price-to-earnings ratio of -64.00 and a beta of 1.32. The stock has a 50-day moving average price of $8.40 and a 200 day moving average price of $8.09. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98.

Gray Television (NYSE:GTN.A) last released its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $826.00 million during the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, September 13th. 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.