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

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.23, but opened at $6.00. Gray Television shares last traded at $6.90, with a volume of 1,212 shares trading hands.

Gray Television Stock Up 7.4 %

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 company has a market capitalization of $688.46 million, a price-to-earnings ratio of 4.52 and a beta of 1.24. The firm’s fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $7.19.

Gray Television (NYSE:GTN.A) last posted its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter. The company had revenue of $1.05 billion for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is 9.61%.

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.