Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) rose 8.9% during trading on Tuesday . The company traded as high as $7.00 and last traded at $7.31. Approximately 1,698 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 5,931 shares. The stock had previously closed at $6.71.
Gray Television Price Performance
The business has a 50-day moving average of $7.14 and a two-hundred day moving average of $7.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market cap of $646.84 million, a P/E ratio of 4.33 and a beta of 1.21.
Gray Television (NYSE:GTN.A - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter. The firm had revenue of $1.05 billion for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%.
Gray Television Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.93%. Gray Television's dividend payout ratio is currently 21.33%.
Gray Television Company Profile
(
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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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