Gray Television (NYSE:GTN.A) Shares Gap Down to $8.28

Gray Television, Inc. (NYSE:GTN.A) gapped down prior to trading on Friday . The stock had previously closed at $8.28, but opened at $8.09. Gray Television shares last traded at $8.09, with a volume of 124 shares.

Gray Television Stock Performance

The firm has a market cap of $770.51 million, a PE ratio of 3.56 and a beta of 1.28. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a 50-day moving average price of $9.14 and a 200 day moving average price of $8.79.

Gray Television (NYSE:GTN.A) last posted its quarterly earnings results on Friday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.09. Gray Television had a return on equity of 13.07% and a net margin of 7.43%. The firm had revenue of $813.00 million during the quarter.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, September 14th. Gray Television’s dividend payout ratio (DPR) is presently 13.73%.

Gray Television Company Profile

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.