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Gray Television (NYSE:GTN.A) Trading Down 3.2% - Should You Sell?

Gray Television logo with Consumer Discretionary background

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) traded down 3.2% during mid-day trading on Tuesday . The stock traded as low as $9.70 and last traded at $9.39. 360 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 8,046 shares. The stock had previously closed at $9.70.

Gray Television Price Performance

The business has a fifty day moving average of $7.55 and a 200-day moving average of $7.20. 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 firm has a market cap of $879.36 million, a PE ratio of 5.77 and a beta of 1.04.

Gray Television (NYSE:GTN.A - Get Free Report) last announced 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.08 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.70%. Gray Television's dividend payout ratio is currently 13.85%.

About Gray Television

(Get Free Report)

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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