Gray Television, Inc. (NYSE:GTN.A - Get Free Report) rose 4.9% during trading on Thursday . The stock traded as high as $7.54 and last traded at $7.75. Approximately 215 shares traded hands during trading, a decline of 97% from the average daily volume of 7,289 shares. The stock had previously closed at $7.39.
Gray Television Stock Performance
The company has a market cap of $724.10 million, a price-to-earnings ratio of 4.84 and a beta of 1.21. 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 50 day simple moving average of $7.08 and a 200-day simple moving average of $7.63.
Gray Television (NYSE:GTN.A - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.86 EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The company had revenue of $950.00 million for the quarter.
Gray Television Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Friday, December 13th. Gray Television's payout ratio is currently 21.33%.
About Gray Television
(
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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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