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

Gray Television, Inc. (NYSE:GTN.A) gapped down prior to trading 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 changing hands.

Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $689.98 million, a PE ratio of 4.53 and a beta of 0.94. The firm’s 50 day moving average is $7.03 and its 200-day moving average is $7.16.

Gray Television (NYSE:GTN.A) last posted 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 for the quarter.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.71%. The ex-dividend date was Friday, March 14th. Gray Television’s dividend payout ratio (DPR) 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.