Gray Television (NYSE:GTN.A) Shares Gap Down to $8.70

Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $8.70, but opened at $8.21. Gray Television shares last traded at $8.21, with a volume of 105 shares changing hands.

Analysts Set New Price Targets

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

Gray Television Stock Performance

The company has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $8.05. 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 has a market cap of $798.01 million, a PE ratio of -5.91 and a beta of 1.30.

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

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a yield of 3.90%. Gray Television's dividend payout ratio is currently -23.02%.

Gray Television Company Profile

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.