Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume

Shares of Gray Television, Inc. (NYSE:GTN.A) saw unusually-high trading volume on Tuesday . Approximately 3,345 shares traded hands during trading, an increase of 36% from the previous session’s volume of 2,464 shares.The stock last traded at $7.83 and had previously closed at $8.50.

Gray Television Stock Performance

The company has a market cap of $745.74 million, a P/E ratio of 11.64 and a beta of 1.35. The firm has a 50 day moving average price of $7.83 and a 200-day moving average price of $8.46. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.20 and a current ratio of 1.20.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.09%. Gray Television’s dividend payout ratio (DPR) is presently 43.84%.

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.