Gray Television (NYSE:GTN.A) Shares Gap Up – Time to Buy?

Gray Television, Inc. (NYSE:GTN.A) gapped up prior to trading on Friday . The stock had previously closed at $8.22, but opened at $8.57. Gray Television shares last traded at $7.91, with a volume of 1,125 shares trading hands.

Gray Television Trading Down 1.7 %

The company’s 50 day simple moving average is $7.51 and its 200 day simple moving average is $8.12. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $805.31 million, a price-to-earnings ratio of 115.43 and a beta of 1.29.

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

Gray Television Dividend Announcement

The firm also recently declared 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 3.96%. The ex-dividend date of this dividend was Friday, September 13th. Gray Television’s dividend payout ratio is presently 457.14%.

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.