Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares dropped 4.3% during mid-day trading on Thursday . The stock traded as low as $10.40 and last traded at $10.43. Approximately 5,999 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 8,409 shares. The stock had previously closed at $10.90.
Gray Media Stock Performance
The company has a market cap of $1.03 billion, a PE ratio of 4.39 and a beta of 1.08. The firm's fifty day moving average is $9.20 and its 200 day moving average is $7.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.48.
Gray Media (NYSE:GTN.A - Get Free Report) last issued its quarterly 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.32 annualized dividend and a yield of 3.16%. Gray Media's dividend payout ratio (DPR) is presently 13.85%.
About Gray Media
(
Get Free Report)
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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