Gray Television (NYSE:GTN.A) Trading 4.8% Higher

Shares of Gray Television, Inc. (NYSE:GTN.AGet Free Report) traded up 4.8% during trading on Tuesday . The stock traded as high as $9.91 and last traded at $9.90. 442 shares were traded during mid-day trading, a decline of 81% from the average session volume of 2,322 shares. The stock had previously closed at $9.45.

Analyst Ratings Changes

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

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Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.99, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50-day moving average price is $8.03 and its 200-day moving average price is $8.05.

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

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 3.27%. Gray Television’s dividend payout ratio (DPR) is presently -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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