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Gray Media (NYSE:GTN.A) Shares Gap Down - Here's Why

Gray Media logo with Consumer Discretionary background

Gray Media Inc. (NYSE:GTN.A - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $10.00, but opened at $9.72. Gray Media shares last traded at $10.67, with a volume of 2,865 shares.

Gray Media Price Performance

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 4.76 and a beta of 1.08. 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 50 day simple moving average of $9.30 and a two-hundred day simple moving average of $7.90.

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

Gray Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a dividend yield of 2.91%. Gray Media's dividend payout ratio is presently 13.85%.

Gray Media Company Profile

(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.

Further Reading

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