Gray Television (NYSE:GTN.A) Trading Down 6.1% – Should You Sell?

Shares of Gray Television, Inc. (NYSE:GTN.A) fell 6.1% during mid-day trading on Wednesday . The stock traded as low as $7.30 and last traded at $7.41. 770 shares changed hands during trading, a decline of 90% from the average session volume of 8,021 shares. The stock had previously closed at $7.89.

Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average price of $7.13 and a 200 day moving average price of $7.18. The stock has a market capitalization of $754.06 million, a PE ratio of 4.97 and a beta of 1.24.

Gray Television (NYSE:GTN.A) last issued its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.31%. Gray Television’s payout ratio is 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.