Gray Television (NYSE:GTN.A) Shares Gap Down to $9.46

Gray Television, Inc. (NYSE:GTN.AGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $9.46, but opened at $8.96. Gray Television shares last traded at $8.96, with a volume of 592 shares trading hands.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Check Out Our Latest Stock Analysis on Gray Television

Gray Television Price Performance

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.99. The firm has a market cap of $903.17 million, a P/E ratio of -75.92 and a beta of 1.33. The business’s 50 day moving average is $8.43 and its two-hundred day moving average is $8.09.

Gray Television (NYSE:GTN.AGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.79 earnings per share for the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%. The firm had revenue of $823.00 million during the quarter.

Gray Television Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, June 14th. Gray Television’s payout ratio is presently -266.67%.

Gray Television Company Profile

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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.

Further Reading

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