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Gray Television (NYSE:GTN.A) Sees Strong Trading Volume - Time to Buy?

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) saw strong trading volume on Tuesday . 8,282 shares changed hands during trading, an increase of 13% from the previous session's volume of 7,322 shares.The stock last traded at $7.19 and had previously closed at $7.14.

Gray Television Trading Up 0.7 %

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $716.61 million, a PE ratio of 4.79 and a beta of 1.22. The stock's 50-day moving average price is $7.21 and its 200 day moving average price is $7.89.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.45%. Gray Television's dividend payout ratio is presently 21.33%.

About Gray Television

(Get Free Report)

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.

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