Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) saw an uptick in trading volume on Tuesday . 8,071 shares were traded during trading, an increase of 0% from the previous session’s volume of 8,062 shares.The stock last traded at $8.25 and had previously closed at $8.55.

Gray Television Stock Performance

The stock has a market cap of $830.11 million, a price-to-earnings ratio of 5.45 and a beta of 1.24. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock’s 50-day moving average is $7.04 and its 200-day moving average is $7.18.

Gray Television (NYSE:GTN.A) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion during the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Friday, March 14th. Gray Television’s payout ratio is 9.61%.

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.