Gray Television (NYSE:GTN.A) Reaches New 52-Week Low at $8.40

Gray Television, Inc. (NYSE:GTN.AGet Rating) shares hit a new 52-week low on Friday . The stock traded as low as $8.40 and last traded at $8.42, with a volume of 1753 shares. The stock had previously closed at $8.54.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded Gray Television from a “b-” rating to a “c” rating in a research note on Thursday, December 8th.

Gray Television Price Performance

The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.10 and a current ratio of 2.10. The company has a 50-day moving average of $11.21 and a 200-day moving average of $12.23. The stock has a market capitalization of $777.97 million, a price-to-earnings ratio of 1.93 and a beta of 1.27.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 3.82%. Gray Television’s dividend payout ratio is currently 7.37%.

Gray Television Company Profile

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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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