Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Time to Buy?

Posted by Trevor Kearing on Nov 29th, 2024

Gray Television, Inc. (NYSE:GTN.A – Get Free Report) saw strong trading volume on Wednesday . 22,250 shares traded hands during trading, an increase of 368% from the previous session’s volume of 4,759 shares.The stock last traded at $6.90 and had previously closed at $7.08.

Gray Television Price Performance

The firm has a fifty day moving average of $7.33 and a two-hundred day moving average of $8.04. The stock has a market capitalization of $697.69 million, a P/E ratio of 4.67 and a beta of 1.29. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television Dividend Announcement

The firm also recently declared 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 4.57%. 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.