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Gray Television (NYSE:GTN.A) Sees Large Volume Increase - Time to Buy?

Gray Television logo with Consumer Discretionary background

Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 3,104 shares were traded during mid-day trading, an increase of 24% from the previous session's volume of 2,501 shares.The stock last traded at $7.76 and had previously closed at $8.08.

Gray Television Price Performance

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The company has a market cap of $802.34 million, a price-to-earnings ratio of 111.30 and a beta of 1.29. The business has a 50-day moving average price of $7.51 and a 200 day moving average price of $8.13.

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

Gray Television Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, September 13th. Gray Television's payout ratio is presently 457.21%.

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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