Gray Television (NYSE:GTN.A) Shares Gap Down – Should You Sell?

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped down before the market opened on Monday . The stock had previously closed at $6.63, but opened at $6.38. Gray Television shares last traded at $6.49, with a volume of 477 shares.

Gray Television Stock Performance

The company has a market capitalization of $647.86 million, a price-to-earnings ratio of 4.42 and a beta of 1.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock has a 50-day simple moving average of $7.32 and a 200-day simple moving average of $7.98.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.92%. Gray Television’s dividend payout ratio (DPR) is 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.