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

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.55, but opened at $8.18. Gray Television shares last traded at $8.00, with a volume of 163 shares changing hands.

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 company has a market cap of $788.48 million, a PE ratio of 5.18 and a beta of 1.24. The firm has a fifty day simple moving average of $7.09 and a 200-day simple moving average of $7.19.

Gray Television (NYSE:GTN.A - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.59 EPS for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The firm had revenue of $1.05 billion during the quarter.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.12%. Gray Television's dividend payout ratio is presently 9.61%.

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.