Gray Television (NYSE:GTN.A) Shares Gap Up to $7.82

Gray Television, Inc. (NYSE:GTN.AGet Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.82, but opened at $8.47. Gray Television shares last traded at $8.47, with a volume of 575 shares trading hands.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

View Our Latest Research Report on GTN.A

Gray Television Trading Up 8.3 %

The company’s 50 day moving average price is $7.92 and its two-hundred day moving average price is $8.04. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.99.

Gray Television (NYSE:GTN.AGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.79 earnings per share for the quarter. The firm had revenue of $823.00 million during the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.32 annualized dividend and a dividend yield of 3.78%. Gray Television’s dividend payout ratio is currently -266.67%.

About Gray Television

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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.

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