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

Gray Television, Inc. (NYSE:GTN.A) gapped up prior to trading on Friday . The stock had previously closed at $8.00, but opened at $8.16. Gray Television shares last traded at $7.86, with a volume of 340 shares.

Gray Television Stock Performance

The firm has a market capitalization of $788.48 million, a PE ratio of 5.18 and a beta of 1.24. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a 50-day moving average of $7.09 and a 200 day moving average of $7.19.

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

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television’s dividend payout ratio is currently 9.61%.

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.