Gray Television (NYSE:GTN.A) Stock Price Down 4.4% - Time to Sell?

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price dropped 4.4% on Wednesday . The company traded as low as $6.10 and last traded at $6.30. Approximately 1,013 shares changed hands during trading, a decline of 87% from the average daily volume of 7,904 shares. The stock had previously closed at $6.59.

Gray Television Stock Performance

The company has a market capitalization of $650.83 million, a price-to-earnings ratio of 4.35 and a beta of 1.24. 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 stock's fifty day simple moving average is $7.07 and its 200-day simple moving average is $7.25.

Gray Television (NYSE:GTN.A - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The business had revenue of $1.05 billion for the quarter.

Gray Television Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.90%. Gray Television's payout ratio is 9.61%.

About Gray Television

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.