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Gray Television (NYSE:GTN.A) Shares Gap Down - Here's Why

Gray Television logo with Consumer Discretionary background

Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.29, but opened at $7.01. Gray Television shares last traded at $7.30, with a volume of 4,307 shares.

Gray Television Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a fifty day moving average price of $7.17 and a 200 day moving average price of $7.84. The firm has a market cap of $716.61 million, a PE ratio of 4.79 and a beta of 1.22.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 4.45%. 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.

Further Reading

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