Gray Television (NYSE:GTN.A) Shares Up 9.9% - Here's What Happened

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) rose 9.9% on Friday . The stock traded as high as $7.60 and last traded at $7.99. Approximately 4,622 shares traded hands during trading, a decline of 42% from the average daily volume of 7,974 shares. The stock had previously closed at $7.27.

Gray Television Stock Down 4.3 %

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 company has a 50-day simple moving average of $7.06 and a 200-day simple moving average of $7.18. The firm has a market cap of $822.09 million, a PE ratio of 5.40 and a beta of 1.24.

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

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.95%. Gray Television's dividend payout ratio (DPR) 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.