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Gray Television (NYSE:GTN.A) Shares Up 4.2% - Should You Buy?

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) rose 4.2% on Thursday . The company traded as high as $7.63 and last traded at $7.63. Approximately 386 shares changed hands during trading, a decline of 85% from the average daily volume of 2,579 shares. The stock had previously closed at $7.32.

Gray Television Stock Down 3.7 %

The stock's 50 day simple moving average is $7.60 and its two-hundred day simple moving average is $8.10. The firm has a market cap of $698.92 million, a P/E ratio of -58.75 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 announced its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $826.00 million during 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 declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Friday, September 13th. Gray Television's dividend payout ratio (DPR) is currently -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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