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Gray Media (NYSE:GTN.A) Trading Up 7.9% - Here's Why

Gray Media logo with Consumer Discretionary background

Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares rose 7.9% during mid-day trading on Thursday . The stock traded as high as $11.50 and last traded at $12.00. Approximately 577 shares traded hands during trading, a decline of 93% from the average daily volume of 8,399 shares. The stock had previously closed at $11.12.

Gray Media Trading Down 4.1%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.48. The firm has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $7.78. The firm has a market cap of $1.12 billion, a PE ratio of 4.77 and a beta of 1.08.

Gray Media (NYSE:GTN.A - Get Free Report) last released its quarterly earnings data 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, June 13th. Gray Media's payout ratio is presently 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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