Gray Television (NYSE:GTN.A) Trading Down 4.5% - Time to Sell?

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as $6.95 and last traded at $6.79. Approximately 1,415 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 8,006 shares. The stock had previously closed at $7.11.

Gray Television Stock Performance

The business has a 50-day moving average price of $7.02 and a 200-day moving average price of $7.16. 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 firm has a market capitalization of $703.08 million, a price-to-earnings ratio of 4.62 and a beta of 0.94.

Gray Television (NYSE:GTN.A - Get Free Report) last released its earnings results 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 company had revenue of $1.05 billion during the quarter.

Gray Television Dividend Announcement

The firm also recently declared 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 4.62%. Gray Television's dividend payout ratio (DPR) 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.