Shares of Gray Television, Inc. (NYSE:GTN.A - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 3,651 shares traded hands during mid-day trading, an increase of 83% from the previous session's volume of 1,996 shares.The stock last traded at $8.10 and had previously closed at $7.97.
Analyst Ratings Changes
Separately, TheStreet cut Gray Television from a "c-" rating to a "d+" rating in a research note on Tuesday, March 12th.
Read Our Latest Analysis on Gray Television
Gray Television Stock Performance
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 stock has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $8.06. The stock has a market capitalization of $787.32 million, a price-to-earnings ratio of -5.83 and a beta of 1.30.
Gray Television (NYSE:GTN.A - Get Free Report) last issued its 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 firm had revenue of $864.00 million during the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.
Gray Television Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 3.95%. Gray Television's dividend payout ratio (DPR) is currently -23.02%.
About Gray Television
(
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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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