Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) were down 4.1% during trading on Tuesday . The stock traded as low as $7.43 and last traded at $7.67. Approximately 1,556 shares were traded during trading, a decline of 81% from the average daily volume of 8,080 shares. The stock had previously closed at $8.00.
Gray Television Stock Down 3.5%
The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $870.22 million, a price-to-earnings ratio of 5.71 and a beta of 1.02. The firm's fifty day simple moving average is $7.63 and its 200 day simple moving average is $7.28.
Gray Television (NYSE:GTN.A - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.23) EPS 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 company also recently announced 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 of this dividend is Friday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 3.73%. Gray Television's dividend payout ratio is presently 13.85%.
Gray Television Company Profile
(
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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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