Gray Media (NYSE:GTN.A) Stock Price Up 9.4% - Here's Why

Key Points

• Gray Media Inc. (NYSE:GTN.A) experienced a **9.4% rise** in stock price during mid-day trading, reaching a last traded price of **$10.54**.
• The company reported a **$0.42 loss** in earnings per share for the last quarter, with a revenue of **$772 million**.
• Gray Media will pay a **quarterly dividend of $0.08** to shareholders on September 30th, which provides an annualized yield of **3.2%**.

Gray Media Inc. (NYSE:GTN.A - Get Free Report) traded up 9.4% on Monday . The company traded as high as $10.95 and last traded at $10.54. 1,440 shares were traded during mid-day trading, a decline of 67% from the average session volume of 4,345 shares. The stock had previously closed at $9.63.

Gray Media Stock Performance

The firm's fifty day simple moving average is $10.32 and its 200 day simple moving average is $8.44. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.06 and a beta of 1.10. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87.

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

Gray Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. Gray Media's dividend payout ratio (DPR) is presently 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.