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

Gray Television, Inc. (NYSE:GTN.A) shares gapped down before the market opened on Tuesday . The stock had previously closed at $7.22, but opened at $6.72. Gray Television shares last traded at $6.74, with a volume of 404 shares.

Gray Television Trading Down 1.1 %

The company’s 50 day moving average price is $7.06 and its 200 day moving average price is $7.73. The company has a market cap of $699.68 million, a price-to-earnings ratio of 4.68 and a beta of 1.21. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.56%. 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.