Gray Television (NYSE:GTN.A) Shares Gap Down to $7.38

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $7.38, but opened at $7.22. Gray Television shares last traded at $7.22, with a volume of 8 shares.

Gray Television Stock Performance

The stock’s 50 day moving average price is $8.25 and its 200 day moving average price is $8.11. The company has a market capitalization of $715.78 million, a P/E ratio of -60.17 and a beta of 1.32. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63.

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

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Friday, September 13th. Gray Television’s payout ratio is -266.67%.

Gray Television Company Profile

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.