Gray Television (NYSE:GTN.A) Shares Gap Up – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.41, but opened at $7.99. Gray Television shares last traded at $7.99, with a volume of 891 shares changing hands.

Gray Television Stock Down 1.2 %

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $729.58 million, a price-to-earnings ratio of 4.94 and a beta of 1.29. The firm has a 50 day moving average price of $7.38 and a 200-day moving average price of $8.07.

Gray Television Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.37%. Gray Television’s dividend payout ratio is presently 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.