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Gray Television (NYSE:GTN.A) Shares Gap Up - Here's Why

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $8.22, but opened at $8.57. Gray Television shares last traded at $7.91, with a volume of 1,125 shares changing hands.

Gray Television Price Performance

The stock has a fifty day moving average of $7.53 and a 200 day moving average of $8.11. The stock has a market cap of $805.33 million, a price-to-earnings ratio of 115.45 and a beta of 1.32. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.63 and a quick ratio of 1.63.

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

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, September 13th. Gray Television's dividend payout ratio is currently 457.21%.

Gray Television Company Profile

(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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