Gray Television, Inc. (NYSE:GTN.A - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $8.88, but opened at $9.16. Gray Television shares last traded at $9.30, with a volume of 4,429 shares trading hands.
Gray Television Trading Up 7.6%
The firm has a market cap of $994.11 million, a price-to-earnings ratio of 6.53 and a beta of 1.02. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $7.67 and a 200-day moving average of $7.29.
Gray Television (NYSE:GTN.A - Get Free Report) last released 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.08 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 3.27%. Gray Television's dividend payout ratio (DPR) is currently 13.85%.
About Gray Television
(
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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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