Gray Media (NYSE:GTN.A) Shares Gap Down - What's Next?

Key Points

• The shares of Gray Media Inc. (NYSE:GTN.A) gapped down from a previous close of $11.25 to open at $10.13, and last traded at $10.61.
• Gray Media reported a quarterly earnings loss of ($0.23) EPS, with a market cap of $1.09 billion and a debt-to-equity ratio of 2.48.
• The company announced a quarterly dividend of $0.08 per share, representing an annualized dividend yield of 2.99% with a payout ratio of 13.85%.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $11.25, but opened at $10.13. Gray Media shares last traded at $10.61, with a volume of 1,822 shares.

Gray Media Price Performance

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 stock's 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $8.14. The firm has a market capitalization of $1.08 billion, a PE ratio of 4.61 and a beta of 1.10.

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 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend 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.