Gray Media (NYSE:GTN.A) Stock Price Down 4.1% - Here's Why

Gray Media Inc. (NYSE:GTN.A - Get Free Report) fell 4.1% during mid-day trading on Friday . The stock traded as low as $11.48 and last traded at $11.03. 115 shares were traded during mid-day trading, a decline of 99% from the average session volume of 8,419 shares. The stock had previously closed at $11.50.

Gray Media Trading Down 4.1%

The company's 50 day moving average price is $9.00 and its two-hundred day moving average price is $7.77. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $1.12 billion, a PE ratio of 4.77 and a beta of 1.08.

Gray Media (NYSE:GTN.A - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.23) EPS for the quarter. Gray Media had a return on equity of 12.75% and a net margin of 7.72%.

Gray Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, June 13th. Gray Media's dividend payout ratio (DPR) is 13.85%.

Gray Media 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.