Gray Television (NYSE:GTN.A) Hits New 52-Week Low – Time to Sell?

Gray Television, Inc. (NYSE:GTN.A)’s share price hit a new 52-week low on Wednesday . The company traded as low as $5.80 and last traded at $5.80, with a volume of 3311 shares. The stock had previously closed at $6.78.

Gray Television Trading Down 26.3 %

The company has a market cap of $498.35 million, a PE ratio of 4.52 and a beta of 1.29. The business has a 50 day simple moving average of $7.44 and a two-hundred day simple moving average of $8.12. The company has a current ratio of 1.13, a quick ratio of 1.63 and a debt-to-equity ratio of 2.76.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.40%. Gray Television’s payout ratio is 21.33%.

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.