Gray Television (NYSE:GTN.A) Trading Down 9.4% – Here’s What Happened

Shares of Gray Television, Inc. (NYSE:GTN.A) were down 9.4% during trading on Wednesday . The company traded as low as $6.73 and last traded at $6.97. Approximately 2,530 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 6,570 shares. The stock had previously closed at $7.69.

Gray Television Trading Down 4.6 %

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 firm has a market cap of $731.56 million, a PE ratio of 5.13 and a beta of 1.22. The stock’s 50 day simple moving average is $7.32 and its 200 day simple moving average is $7.97.

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid 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 dividend yield of 4.36%. Gray Television’s dividend payout ratio (DPR) is 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.