Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) dropped 4% on Tuesday . The stock traded as low as $7.73 and last traded at $7.73. Approximately 189 shares changed hands during trading, a decline of 92% from the average daily volume of 2,496 shares. The stock had previously closed at $8.05.
Gray Television Price Performance
The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $739.55 million, a P/E ratio of 114.44 and a beta of 1.29. The business's fifty day moving average is $7.50 and its 200 day moving average is $8.14.
Gray Television (NYSE:GTN.A - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $826.00 million for the quarter. Gray Television had a return on equity of 3.02% and a net margin of 1.84%.
Gray Television Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Friday, September 13th. Gray Television's payout ratio is presently 457.21%.
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.
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