Gray Television (NYSE:GTN.A) Shares Gap Up – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A) gapped up prior to trading on Thursday . The stock had previously closed at $5.00, but opened at $5.67. Gray Television shares last traded at $5.98, with a volume of 274 shares changing hands.

Gray Television Stock Up 20.8 %

The firm has a market cap of $828.26 million, a P/E ratio of 5.54 and a beta of 1.29. The business’s fifty 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.

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 issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend 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.