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

Gray Media logo with Consumer Discretionary background

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares 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 Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.48. The company has a 50 day simple moving average of $8.14 and a 200-day simple moving average of $7.45. The stock has a market capitalization of $959.55 million, a price-to-earnings ratio of 4.09 and a beta of 1.02.

Gray Media (NYSE:GTN.A - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) EPS 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 annualized dividend and a yield of 3.39%. Gray Media's dividend payout ratio (DPR) is currently 13.85%.

About Gray Media

(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.

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