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Gray Television (NYSE:GTN.A) Shares Down 8.6% - Should You Sell?

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price dropped 8.6% on Friday . The company traded as low as $5.77 and last traded at $5.77. Approximately 362 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 7,170 shares. The stock had previously closed at $6.31.

Gray Television Stock Up 5.5 %

The business's 50 day moving average is $7.24 and its 200 day moving average is $7.91. The company has a market cap of $663.78 million, a P/E ratio of 4.44 and a beta of 1.22. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.80%. Gray Television's payout ratio is 21.33%.

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

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