Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) saw unusually-high trading volume on Friday . Approximately 9,139 shares changed hands during trading, an increase of 132% from the previous session’s volume of 3,946 shares.The stock last traded at $7.53 and had previously closed at $6.88.

Gray Television Stock Performance

The stock’s fifty day simple moving average is $7.40 and its 200-day simple moving average is $8.09. The company has a quick ratio of 1.63, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $828.26 million, a PE ratio of 5.54 and a beta of 1.29.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s dividend payout ratio (DPR) is presently 21.33%.

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.