Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s stock price was down 6.5% on Monday . The company traded as low as $8.05 and last traded at $8.05. Approximately 2,525 shares changed hands during trading, an increase of 29% from the average daily volume of 1,964 shares. The stock had previously closed at $8.61.
Analysts Set New Price Targets
Separately, TheStreet lowered shares of Gray Television from a "c-" rating to a "d+" rating in a research report on Tuesday, March 12th.
View Our Latest Research Report on GTN.A
Gray Television Trading Down 12.3 %
The firm has a market cap of $733.86 million, a PE ratio of -5.71 and a beta of 1.30. The company's 50 day moving average price is $7.67 and its two-hundred day moving average price is $8.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.12.
Gray Television (NYSE:GTN.A - Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The company had revenue of $864.00 million during 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Thursday, March 14th. Gray Television's dividend payout ratio (DPR) is -23.02%.
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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