Gray Television (NYSE:GTN.A) Shares Gap Down to $7.15

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.15, but opened at $6.44. Gray Television shares last traded at $6.44, with a volume of 1,342 shares traded.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of Gray Television from a "c-" rating to a "d+" rating in a research note on Tuesday, March 12th.

Gray Television Trading Down 14.0 %

The firm has a market capitalization of $597.68 million, a P/E ratio of -4.42 and a beta of 1.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.12. The firm's 50-day simple moving average is $7.30 and its 200-day simple moving average is $8.03.

Gray Television (NYSE:GTN.A - Get Free Report) last announced its earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The company had revenue of $864.00 million for the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.20%. Gray Television's dividend payout ratio is currently -23.02%.

About Gray Television

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.