Gray Television (NYSE:GTN.A) Shares Gap Up - Here's Why

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $8.37, but opened at $8.59. Gray Television shares last traded at $8.59, with a volume of 102 shares.

Gray Television Stock Performance

The firm has a market cap of $872.25 million, a price-to-earnings ratio of 5.73 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 50 day moving average is $7.56 and its 200 day moving average is $7.24.

Gray Television (NYSE:GTN.A - Get Free Report) last issued its quarterly earnings data 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, June 13th. Gray Television's payout ratio is currently 13.85%.

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.