Gray Television (NYSE:GTN.A) Sees Strong Trading Volume – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A) shares saw unusually-high trading volume on Tuesday . Approximately 8,071 shares traded hands during mid-day 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 Down 4.4 %

The stock has a market capitalization of $824.02 million, a price-to-earnings ratio of 5.41 and a beta of 1.24. 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 firm has a 50-day moving average of $7.08 and a two-hundred day moving average of $7.19.

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

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is 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.