Gray Television (NYSE:GTN.A) Shares Gap Down – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.55, but opened at $8.18. Gray Television shares last traded at $8.00, with a volume of 163 shares traded.

Gray Television Stock Down 4.3 %

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $822.09 million, a price-to-earnings ratio of 5.40 and a beta of 1.24. The firm’s 50-day moving average is $7.06 and its 200 day moving average is $7.18.

Gray Television (NYSE:GTN.A) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion during the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 3.95%. Gray Television’s dividend payout ratio (DPR) is 9.61%.

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.