Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A) saw strong trading volume on Wednesday . 22,250 shares traded hands during trading, an increase of 368% from the previous session’s volume of 4,759 shares.The stock last traded at $6.90 and had previously closed at $7.08.

Gray Television Stock Performance

The stock has a market cap of $697.69 million, a price-to-earnings ratio of 4.67 and a beta of 1.29. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $7.35 and its 200-day moving average is $8.05.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Friday, December 13th. Gray Television’s dividend payout ratio is currently 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.