Gray Television (NYSE:GTN.A) Shares Gap Down - Here's What Happened

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $7.91, but opened at $7.51. Gray Television shares last traded at $7.37, with a volume of 222 shares trading hands.

Gray Television Stock Up 21.3 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $831.13 million, a PE ratio of 5.46 and a beta of 1.04. The firm has a 50 day simple moving average of $7.16 and a two-hundred day simple moving average of $7.16.

Gray Television (NYSE:GTN.A - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.23) EPS for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Friday, March 14th. Gray Television's dividend payout ratio (DPR) is currently 9.61%.

About Gray Television

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.