Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) shares saw unusually-high trading volume on Tuesday . Approximately 7,935 shares traded hands during trading, an increase of 35% from the previous session’s volume of 5,879 shares.The stock last traded at $6.90 and had previously closed at $6.88.

Gray Television Trading Up 0.3 %

The company has a market capitalization of $687.72 million, a PE ratio of 4.60 and a beta of 1.22. The company has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $8.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.64%. The ex-dividend date is Friday, December 13th. Gray Television’s 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.