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 Tuesday . The stock had previously closed at $6.93, but opened at $6.73. Gray Television shares last traded at $6.91, with a volume of 108 shares.

Gray Television Stock Performance

The stock has a market cap of $787.47 million, a PE ratio of 5.17 and a beta of 0.94. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50 day simple moving average is $7.08 and its 200 day simple moving average is $7.15.

Gray Television (NYSE:GTN.A - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. The company had revenue of $1.05 billion 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.13%. Gray Television's payout ratio is presently 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.