Gray Television (NYSE:GTN.A) Shares Gap Up to $9.80

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.80, but opened at $10.30. Gray Television shares last traded at $10.30, with a volume of 148 shares changing hands.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Gray Television Stock Up 5.1 %

The business’s 50-day moving average price is $8.14 and its 200-day moving average price is $8.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.99.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $823.00 million for the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 3.11%. Gray Television’s dividend payout ratio (DPR) is -266.67%.

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.