Gray Television (NYSE:GTN.A) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.21 and traded as low as $6.20. Gray Television shares last traded at $6.62, with a volume of 3,755 shares trading hands.

Gray Television Stock Up 0.9 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm’s 50 day simple moving average is $7.04 and its 200-day simple moving average is $7.21. The stock has a market capitalization of $672.21 million, a price-to-earnings ratio of 4.41 and a beta of 1.24.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 4.83%. Gray Television’s dividend payout ratio (DPR) is currently 9.61%.

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.