Gray Television, Inc. (NYSE:GTN.A - Get Free Report)'s share price was down 8% on Monday . The stock traded as low as $7.45 and last traded at $7.45. Approximately 2,726 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 2,050 shares. The stock had previously closed at $8.10.
Wall Street Analysts Forecast Growth
Separately, TheStreet lowered shares of Gray Television from a "c-" rating to a "d+" rating in a research report on Tuesday, March 12th.
Check Out Our Latest Analysis on GTN.A
Gray Television Price Performance
The company's 50 day moving average price is $7.56 and its 200-day moving average price is $8.07. The stock has a market cap of $724.14 million, a P/E ratio of -5.36 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.
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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $864.00 million for the quarter.
Gray Television Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Thursday, March 14th. Gray Television's dividend payout ratio is currently -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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