Gray Television (NYSE:GTN.A) Shares Gap Up to $7.45

Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.45, but opened at $7.75. Gray Television shares last traded at $7.75, with a volume of 113 shares.

Wall Street Analysts Forecast Growth

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

Gray Television Price Performance

The company has a market capitalization of $753.30 million, a price-to-earnings ratio of -5.58 and a beta of 1.30. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.18 and a current ratio of 1.18. The company has a fifty day simple moving average of $7.43 and a two-hundred day simple moving average of $8.06.

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

Gray Television Dividend Announcement

The business 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. This represents a $0.32 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, March 14th. Gray Television's dividend payout ratio (DPR) is presently -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.