Gray Media Inc. (NYSE:GTN.A - Get Free Report) shot up 7% during trading on Tuesday . The stock traded as high as $11.25 and last traded at $11.50. 1,682 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 3,117 shares. The stock had previously closed at $10.75.
Gray Media Trading Up 0.4%
The company's 50 day moving average price is $9.80 and its 200 day moving average price is $8.11. The firm has a market cap of $1.08 billion, a PE ratio of 4.61 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.
Gray Media (NYSE:GTN.A - Get Free Report) last issued its earnings results 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. Shareholders of record on Friday, June 13th were issued 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 yield of 3.0%. Gray Media's dividend payout ratio (DPR) is presently 13.85%.
About Gray Media
(
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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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