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Gray Television (NYSE:GTN.A) Shares Gap Up - Time to Buy?

Gray Television logo with Consumer Discretionary background
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Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $8.00, but opened at $8.16. Gray Television shares last traded at $7.86, with a volume of 340 shares.

Gray Television Stock Performance

The firm has a fifty day moving average price of $7.12 and a 200 day moving average price of $7.18. 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 market cap of $762.59 million, a PE ratio of 5.01 and a beta of 1.24.

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

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.08 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 4.26%. Gray Television's dividend payout ratio (DPR) is presently 9.61%.

Gray Television Company Profile

(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

Should You Invest $1,000 in Gray Television Right Now?

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