Gray Television (NYSE:GTN.A) Stock Price Up 8.2% – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A) shares rose 8.2% on Monday . The company traded as high as $7.78 and last traded at $7.78. Approximately 12,616 shares changed hands during trading, an increase of 68% from the average daily volume of 7,502 shares. The stock had previously closed at $7.19.

Gray Television Price Performance

The stock has a market cap of $719.60 million, a PE ratio of 4.81 and a beta of 1.21. The firm’s 50-day moving average price is $7.09 and its two-hundred day moving average price is $7.76. 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.43%. 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.