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Gray Television (NYSE:GTN.A) Shares Gap Down - Should You Sell?

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.66, but opened at $6.51. Gray Television shares last traded at $6.51, with a volume of 137 shares.

Gray Television Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock has a fifty day moving average of $7.23 and a 200-day moving average of $7.90. The firm has a market capitalization of $711.62 million, a P/E ratio of 4.76 and a beta of 1.22.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Friday, December 13th. Gray Television's dividend payout ratio (DPR) 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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