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

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.46, but opened at $6.71. Gray Television shares last traded at $6.71, with a volume of 1,220 shares traded.

Gray Television Trading Up 2.6 %

The business's 50-day moving average is $7.32 and its two-hundred day moving average is $7.98. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $660.81 million, a P/E ratio of 4.42 and a beta of 1.22.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television's payout ratio is presently 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.