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

Shares of Gray Media Inc. (NYSE:GTN.A - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $9.06, but opened at $9.34. Gray Media shares last traded at $9.01, with a volume of 472 shares changing hands.

Gray Media Trading Down 0.5%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of $915.38 million, a PE ratio of 3.90 and a beta of 1.01. The stock's fifty day simple moving average is $7.97 and its 200 day simple moving average is $7.39.

Gray Media (NYSE:GTN.A - Get Free Report) last released its quarterly 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 13.78%.

Gray Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 3.55%. Gray Media's dividend payout ratio is presently 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.

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