Gray Television (NYSE:GTN.A) Trading Down 3.1% - Should You Sell?

Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) dropped 3.1% during mid-day trading on Wednesday . The company traded as low as $6.97 and last traded at $6.97. Approximately 2,434 shares traded hands during trading, a decline of 72% from the average daily volume of 8,599 shares. The stock had previously closed at $7.19.

Gray Television Stock Down 1.3 %

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 firm's 50-day moving average is $7.07 and its 200 day moving average is $7.73. The firm has a market capitalization of $707.64 million, a PE ratio of 4.73 and a beta of 1.21.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, December 13th. Gray Television's payout ratio is currently 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.