Gray Media (NYSE:GTN.A) Shares Gap Down - Time to Sell?

Key Points

• Gray Media's shares gapped down from a previous close of $9.84 to open at $9.63 on Monday, with the last traded price at $9.62.
• The company reported a quarterly EPS of ($0.42) on revenue of $772 million, with a net margin of 5.64% and return on equity of 10.31%.
• Gray Media announced a $0.08 quarterly dividend to be paid on September 30th, representing a yield of 3.1% and a payout ratio of 21.19%.

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.84, but opened at $9.63. Gray Media shares last traded at $9.62, with a volume of 1,950 shares.

Gray Media Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The firm has a fifty day moving average of $10.33 and a 200-day moving average of $9.06. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 6.76 and a beta of 1.13.

Gray Media (NYSE:GTN.A - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.42) EPS for the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The business had revenue of $772.00 million during the quarter.

Gray Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 3.1%. Gray Media's dividend payout ratio is 21.19%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.