Free Trial

Gray Media (NYSE:GTN.A) Trading Down 4% - Here's What Happened

Gray Television logo with Consumer Discretionary background

Gray Media Inc. (NYSE:GTN.A - Get Free Report) dropped 4% during mid-day trading on Monday . The company traded as low as $9.61 and last traded at $9.24. Approximately 695 shares changed hands during trading, a decline of 92% from the average daily volume of 8,410 shares. The stock had previously closed at $9.62.

Gray Media Price Performance

The stock has a market capitalization of $868.78 million, a price-to-earnings ratio of 3.70 and a beta of 1.02. The business's fifty day moving average price is $7.94 and its 200-day moving average price is $7.37. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.91 and a quick ratio of 0.91.

Gray Media (NYSE:GTN.A - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) earnings per share (EPS) for the quarter. Gray Media had a net margin of 7.72% and a return on equity of 13.78%.

Gray Media 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 issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, June 13th. Gray Media's dividend payout ratio is currently 13.85%.

Gray Media Company Profile

(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.

Read More

Should You Invest $1,000 in Gray Media Right Now?

Before you consider Gray Media, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gray Media wasn't on the list.

While Gray Media currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines