Gray Television (NYSE:GTN.A) Shares Gap Down to $8.24

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped down before the market opened on Monday . The stock had previously closed at $8.24, but opened at $7.86. Gray Television shares last traded at $7.86, with a volume of 118 shares traded.

Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.99, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $756.42 million, a price-to-earnings ratio of -61.58 and a beta of 1.33. The firm’s fifty day moving average is $8.79 and its 200 day moving average is $8.08.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, September 13th. Gray Television’s dividend payout ratio is currently -266.67%.

Gray Television Company Profile

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.