Gray Television (NYSE:GTN.A) Stock Price Up 4.9% – Should You Buy?

Shares of Gray Television, Inc. (NYSE:GTN.A) rose 4.9% during trading on Thursday . The company traded as high as $7.54 and last traded at $7.75. Approximately 215 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 7,289 shares. The stock had previously closed at $7.39.

Gray Television Price Performance

The business’s fifty day simple moving average is $7.10 and its 200 day simple moving average is $7.65. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $761.48 million, a price-to-earnings ratio of 4.87 and a beta of 1.21.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.86 EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The firm had revenue of $950.00 million during the quarter.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Friday, December 13th. Gray Television’s dividend payout ratio is currently 21.33%.

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.