Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) saw unusually-high trading volume on Friday . Approximately 9,139 shares changed hands during mid-day trading, an increase of 132% from the previous session’s volume of 3,946 shares.The stock last traded at $7.53 and had previously closed at $6.88.

Gray Television Stock Performance

The company’s 50 day moving average is $7.40 and its 200-day moving average is $8.09. The company has a market capitalization of $834.24 million, a P/E ratio of 4.59 and a beta of 1.29. The company has a current ratio of 1.13, a quick ratio of 1.63 and a debt-to-equity ratio of 2.76.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, December 13th. Gray Television’s dividend payout ratio is currently 21.33%.

Gray Television Company Profile

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.