Gray Television (NYSE:GTN.A) Sees Large Volume Increase

Posted by Frank Smitson on Mar 28th, 2024

Gray Television, Inc. (NYSE:GTN.A – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 9,837 shares changed hands during mid-day trading, an increase of 412% from the previous session’s volume of 1,923 shares.The stock last traded at $8.22 and had previously closed at $7.85.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Read Our Latest Research Report on GTN.A

Gray Television Stock Up 9.7 %

The stock has a market capitalization of $836.89 million, a price-to-earnings ratio of -5.48 and a beta of 1.27. The business has a 50-day moving average of $7.67 and a 200-day moving average of $8.06. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.18 and a current ratio of 1.18.

Gray Television (NYSE:GTN.A – Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The business had revenue of $864.00 million for the quarter. Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%.

Gray Television Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.72%. Gray Television’s payout ratio is -23.02%.

Gray Television Company Profile

(Get Free Report)

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.