Gray Television, Inc. (NYSE:GTN.A – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.90 and last traded at $5.90, with a volume of 104 shares trading hands. The stock had previously closed at $5.95.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
Check Out Our Latest Report on Gray Television
Gray Television Stock Up 3.9 %
Gray Television (NYSE:GTN.A – Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). The company had revenue of $864.00 million for the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.
Gray Television Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Thursday, March 14th. Gray Television’s payout ratio is -23.02%.
About Gray Television
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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