Gray Television (NYSE:GTN.A) Hits New 52-Week Low – Time to Sell?

Gray Television, Inc. (NYSE:GTN.A) reached a new 52-week low during trading on Wednesday . The company traded as low as $5.80 and last traded at $5.80, with a volume of 3311 shares. The stock had previously closed at $6.78.

Gray Television Price Performance

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.63. The company has a market capitalization of $498.35 million, a PE ratio of 4.52 and a beta of 1.29. The firm has a 50-day moving average of $7.44 and a 200 day moving average of $8.12.

Gray Television Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s dividend 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.