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

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $8.00, but opened at $7.73. Gray Television shares last traded at $7.95, with a volume of 378 shares trading hands.

Gray Television Trading Up 18.7%

The stock has a market capitalization of $963.14 million, a P/E ratio of 6.32 and a beta of 1.04. 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 stock's fifty day moving average price is $7.48 and its two-hundred day moving average price is $7.17.

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

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 3.37%. Gray Television's dividend payout ratio is currently 13.85%.

Gray Television 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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