Gray Television (NYSE:GTN.A) Trading 7.3% Higher – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s share price rose 7.3% on Friday . The stock traded as high as $7.51 and last traded at $7.51. Approximately 13,695 shares traded hands during trading, an increase of 162% from the average daily volume of 5,232 shares. The stock had previously closed at $7.00.

Gray Television Stock Performance

The business’s 50-day moving average price is $7.33 and its 200-day moving average price is $8.04. The stock has a market cap of $742.54 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 quick ratio of 1.13 and a current ratio of 1.13.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s payout ratio is 21.33%.

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.