Gray Television (NYSE:GTN.A) Trading Down 9.4% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s stock price fell 9.4% during trading on Wednesday . The stock traded as low as $6.73 and last traded at $6.97. 2,530 shares traded hands during trading, a decline of 61% from the average session volume of 6,570 shares. The stock had previously closed at $7.69.

Gray Television Stock Performance

The firm has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $7.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a market cap of $703.67 million, a PE ratio of 4.71 and a beta of 1.22.

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.53%. Gray Television’s dividend payout ratio (DPR) 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.