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Gray Television (NYSE:GTN.A) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.10 and traded as low as $7.76. Gray Television shares last traded at $7.81, with a volume of 607 shares changing hands.

Gray Television Price Performance

The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $778.41 million, a P/E ratio of 111.57 and a beta of 1.32. The business's fifty day moving average is $7.57 and its two-hundred day moving average is $8.11.

Gray Television (NYSE:GTN.A - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.09 EPS for the quarter. The business had revenue of $826.00 million for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Friday, September 13th. Gray Television's payout ratio is currently 457.14%.

About Gray Television

(Get Free Report)

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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