Gray Television (NYSE:GTN.A) Stock Price Up 9.9% – Here’s Why

Shares of Gray Television, Inc. (NYSE:GTN.A) rose 9.9% during trading on Friday . The stock traded as high as $7.60 and last traded at $7.99. Approximately 4,622 shares changed hands during trading, a decline of 42% from the average daily volume of 7,974 shares. The stock had previously closed at $7.27.

Gray Television Stock Up 12.2 %

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 stock has a market cap of $849.81 million, a P/E ratio of 5.58 and a beta of 1.24. The stock’s fifty day simple moving average is $7.02 and its 200-day simple moving average is $7.17.

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

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, March 14th. Gray Television’s dividend payout ratio is 9.61%.

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.