Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume

Gray Television, Inc. (NYSE:GTN.A) shares saw an uptick in trading volume on Thursday . 792 shares changed hands during trading, a decline of 60% from the previous session’s volume of 1,959 shares.The stock last traded at $8.00 and had previously closed at $8.39.

Analyst Upgrades and Downgrades

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

Gray Television Price Performance

The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $791.14 million, a P/E ratio of -66.67 and a beta of 1.24. The company has a 50-day moving average price of $7.90 and a 200-day moving average price of $8.07.

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

Gray Television Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 4.01%. Gray Television’s dividend payout ratio is presently -266.67%.

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.