Gray Media (NYSE:GTN.A) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Gray Media's stock (NYSE:GTN.A) has dropped below its 200-day moving average of $8.33, trading as low as $8.32.
• The company reported a net loss of ($0.42) earnings per share in its quarterly earnings, with revenue of $772 million.
• Gray Media has declared a quarterly dividend of $0.08 per share, resulting in an annualized dividend of $0.32 and a dividend yield of 3.3%.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.33 and traded as low as $8.32. Gray Media shares last traded at $9.63, with a volume of 13,241 shares trading hands.

Gray Media Stock Down 14.2%

The firm has a 50-day moving average of $10.17 and a 200 day moving average of $8.33. The stock has a market capitalization of $977.83 million, a price-to-earnings ratio of 6.38 and a beta of 1.10. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 2.56.

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

Gray Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, September 15th. Gray Media's 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.

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