Gray Television (NYSE:GTN.A) Shares Up 6.5%

Gray Television, Inc. (NYSE:GTN.A) shares were up 6.5% during mid-day trading on Friday . The company traded as high as $7.59 and last traded at $7.50. Approximately 3,695 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 2,149 shares. The stock had previously closed at $7.04.

Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $793.10 million, a PE ratio of -58.67 and a beta of 1.32. The company has a 50 day moving average price of $8.63 and a 200 day moving average price of $8.05.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $826.00 million during the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Friday, September 13th. Gray Television’s payout ratio is currently -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.