Gray Media Inc. (NYSE:GTN.A - Get Free Report) shares rose 8.8% on Thursday . The company traded as high as $9.50 and last traded at $9.54. Approximately 1,321 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 8,284 shares. The stock had previously closed at $8.77.
Gray Media Trading Up 7.8%
The company has a market capitalization of $959.55 million, a PE ratio of 4.09 and a beta of 1.02. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.91 and a current ratio of 0.91. The business has a fifty day moving average price of $8.09 and a 200 day moving average price of $7.42.
Gray Media (NYSE:GTN.A - Get Free Report) last posted 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 3.39%. Gray Media's dividend payout ratio is currently 13.85%.
Gray Media Company Profile
(
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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