Gray Television (NYSE:GTN.A) Trading Down 5.1% - Time to Sell?

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares dropped 5.1% during trading on Wednesday . The company traded as low as $7.91 and last traded at $8.06. Approximately 259 shares traded hands during trading, a decline of 97% from the average daily volume of 8,030 shares. The stock had previously closed at $8.49.

Gray Television Stock Performance

The company's 50-day moving average is $7.11 and its two-hundred day moving average is $7.19. The company has a market capitalization of $788.58 million, a P/E ratio of 5.18 and a beta of 1.24. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

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 return on equity of 9.60% and a net margin of 5.69%. The business had revenue of $1.05 billion for the quarter.

Gray Television Announces Dividend

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