Gray Television (NYSE:GTN.A) Shares Up 7.3%

Gray Television, Inc. (NYSE:GTN.A)’s stock price was up 7.3% during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $9.70. Approximately 375 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 2,291 shares. The stock had previously closed at $9.04.

Analyst Ratings Changes

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

Gray Television Stock Performance

The stock has a 50 day simple moving average of $8.29 and a 200 day simple moving average of $8.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.99. The company has a market cap of $961.66 million, a price-to-earnings ratio of -75.33 and a beta of 1.33.

Gray Television (NYSE:GTN.A) last posted its earnings results on Tuesday, May 7th. The company reported $0.79 EPS for the quarter. The business 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, June 14th. Gray Television’s payout ratio 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.