Gray Television (NYSE:GTN.A) Shares Gap Down – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $6.81. Gray Television shares last traded at $6.75, with a volume of 14,680 shares trading hands.

Gray Television Stock Performance

The stock has a market capitalization of $734.57 million, a P/E ratio of 4.91 and a beta of 1.22. The company’s fifty day simple moving average is $7.34 and its two-hundred day simple moving average is $8.01. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, December 13th. Gray Television’s dividend payout ratio is currently 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.