Gray Television (NYSE:GTN.A) Shares Down 6.1% - Time to Sell?

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares were down 6.1% on Wednesday . The stock traded as low as $7.30 and last traded at $7.41. Approximately 770 shares traded hands during trading, a decline of 90% from the average daily volume of 8,021 shares. The stock had previously closed at $7.89.

Gray Television Trading Down 1.3 %

The business's fifty day moving average is $7.13 and its 200-day moving average is $7.18. The firm has a market cap of $710.90 million, a P/E ratio of 4.81 and a beta of 0.94. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

Gray Television (NYSE:GTN.A - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.59 earnings per share 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, March 14th. Gray Television's dividend payout ratio is presently 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.