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

Gray Television, Inc. (NYSE:GTN.A) gapped down before the market opened on Thursday . The stock had previously closed at $6.95, but opened at $6.65. Gray Television shares last traded at $6.80, with a volume of 109 shares trading hands.

Gray Television Trading Up 0.9 %

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day moving average is $7.02 and its 200-day moving average is $7.16. The company has a market capitalization of $703.08 million, a P/E ratio of 4.62 and a beta of 0.94.

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

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is presently 9.61%.

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.