Gray Television (NYSE:GTN.A) Stock Price Up 6.5%

Gray Television, Inc. (NYSE:GTN.A) shares rose 6.5% on Thursday . The stock traded as high as $7.68 and last traded at $7.68. Approximately 317 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,178 shares. The stock had previously closed at $7.21.

Gray Television Stock Performance

The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.98. The company has a 50 day moving average of $8.49 and a 200 day moving average of $8.05. The firm has a market cap of $771.29 million, a price-to-earnings ratio of -64.83 and a beta of 1.32.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. Gray Television had a return on equity of 3.02% and a net margin of 1.84%. The business had revenue of $826.00 million during the quarter.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Friday, September 13th. Gray Television’s dividend payout ratio (DPR) is presently -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.