Gray Television (NYSE:GTN.A) Shares Gap Down - Time to Sell?

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $9.10, but opened at $8.79. Gray Television shares last traded at $10.30, with a volume of 9,552 shares.

Gray Television Price Performance

The firm has a market capitalization of $967.70 million, a P/E ratio of 6.35 and a beta of 1.02. The company has a fifty day moving average of $7.79 and a 200 day moving average of $7.33. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

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

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, June 13th. Gray Television's dividend payout ratio is presently 13.85%.

Gray Television 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.