Gray Television (NYSE:GTN.A) Stock Passes Above Fifty Day Moving Average of $7.83

Shares of Gray Television, Inc. (NYSE:GTN.A) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.83 and traded as high as $8.50. Gray Television shares last traded at $8.50, with a volume of 1,192 shares traded.

Gray Television Trading Up 9.4 %

The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $809.56 million, a price-to-earnings ratio of 11.64 and a beta of 1.35. The company has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $8.46.

Gray Television Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, December 14th. Gray Television’s payout ratio is 43.84%.

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.