Gray Television (NYSE:GTN.A) Shares Gap Up – Here’s Why

Posted by Trevor Kearing on Dec 31st, 2024

Gray Television, Inc. (NYSE:GTN.A – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.11, but opened at $7.29. Gray Television shares last traded at $7.29, with a volume of 930 shares.

Gray Television Stock Performance

The firm’s fifty day moving average is $7.20 and its 200-day moving average is $7.86. 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 market capitalization of $726.57 million, a PE ratio of 4.86 and a beta of 1.22.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.39%. Gray Television’s dividend payout ratio is currently 21.33%.

Gray Television Company Profile

(Get Free Report)

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.