Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) rose 7.3% on Tuesday . The stock traded as high as $9.70 and last traded at $9.70. Approximately 375 shares changed hands during trading, a decline of 84% from the average daily volume of 2,291 shares. The stock had previously closed at $9.04.
Analyst Upgrades and Downgrades
Separately, TheStreet lowered Gray Television from a "c-" rating to a "d+" rating in a report on Tuesday, March 12th.
Check Out Our Latest Research Report on Gray Television
Gray Television Stock Performance
The firm has a fifty day moving average of $8.29 and a 200-day moving average of $8.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $911.10 million, a price-to-earnings ratio of -80.83 and a beta of 1.33.
Gray Television (NYSE:GTN.A - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.79 EPS for the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%. The business had revenue of $823.00 million for the quarter.
Gray Television Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.48%. Gray Television's dividend payout ratio (DPR) is presently -266.67%.
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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