Gray Media (NYSE:GTN.A) Shares Gap Down - Should You Sell?

Gray Media Inc. (NYSE:GTN.A - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $11.37, but opened at $10.90. Gray Media shares last traded at $10.91, with a volume of 113 shares.

Gray Media Stock Up 3.0%

The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50-day moving average is $9.30 and its 200 day moving average is $7.89. The firm has a market capitalization of $1.05 billion, a PE ratio of 4.46 and a beta of 1.08.

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

Gray Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued 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 dividend yield of 3.11%. Gray Media's payout ratio is currently 13.85%.

About Gray Media

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.