Gray Television (NYSE:GTN.A) Trading Down 8.6% – What’s Next?

Shares of Gray Television, Inc. (NYSE:GTN.A) fell 8.6% during mid-day trading on Friday . The company traded as low as $5.77 and last traded at $5.77. 362 shares were traded during mid-day trading, a decline of 95% from the average session volume of 7,170 shares. The stock had previously closed at $6.31.

Gray Television Stock Up 5.5 %

The company’s 50-day moving average price is $7.23 and its 200 day moving average price is $7.90. 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 $663.78 million, a PE ratio of 4.44 and a beta of 1.22.

Gray Television Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s payout ratio is 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.