Gray Television (NYSE:GTN.A) Shares Gap Up – Time to Buy?

Gray Television, Inc. (NYSE:GTN.A) gapped up before the market opened on Wednesday . The stock had previously closed at $6.88, but opened at $7.12. Gray Television shares last traded at $6.90, with a volume of 101 shares changing hands.

Gray Television Stock Up 0.5 %

The firm has a market capitalization of $702.27 million, a price-to-earnings ratio of 4.57 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 firm has a fifty day moving average price of $6.99 and a 200 day moving average price of $7.17.

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

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.63%. The ex-dividend date is Friday, March 14th. Gray Television’s dividend payout ratio is 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.