Gray Television (NYSE:GTN.A) Hits New 12-Month Low – What’s Next?

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

Gray Television Stock Performance

The stock’s 50 day moving average price is $7.40 and its two-hundred day moving average price is $8.09. The company has a current ratio of 1.13, a quick ratio of 1.63 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $685.73 million, a price-to-earnings ratio of 4.59 and a beta of 1.29.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.65%. Gray Television’s dividend payout ratio (DPR) is presently 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.