Gray Television (NYSE:GTN.A) Stock Price Up 9.8%

Gray Television, Inc. (NYSE:GTN.A)’s share price shot up 9.8% on Tuesday . The stock traded as high as $7.64 and last traded at $7.64. 6,960 shares changed hands during mid-day trading, an increase of 175% from the average session volume of 2,530 shares. The stock had previously closed at $6.96.

Gray Television Stock Up 7.8 %

The stock has a market cap of $743.54 million, a PE ratio of -56.42 and a beta of 1.32. The business has a 50-day moving average price of $7.99 and a 200-day moving average price of $8.14. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share (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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, September 13th. Gray Television’s dividend payout ratio (DPR) 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.