Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price fell 4.5% during mid-day trading on Tuesday . The company traded as low as $6.95 and last traded at $6.79. 1,415 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 8,006 shares. The stock had previously closed at $7.11.
Gray Television Price Performance
The company has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.16. 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 firm has a market cap of $703.08 million, a PE ratio of 4.62 and a beta of 0.94.
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. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The company had revenue of $1.05 billion during the quarter.
Gray Television Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Friday, March 14th. Gray Television's dividend payout ratio (DPR) is 9.61%.
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.
Further Reading
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