Gray Television (NYSE:GTN.A) Trading Up 4.9% – Here’s Why

Gray Television, Inc. (NYSE:GTN.A)’s stock price traded up 4.9% during trading on Monday . The company traded as high as $7.24 and last traded at $7.11. 6,833 shares were traded during trading, a decline of 7% from the average session volume of 7,350 shares. The stock had previously closed at $6.78.

Gray Television Stock Performance

The company has a market capitalization of $708.63 million, a PE ratio of 4.74 and a beta of 1.22. 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 stock’s fifty day simple moving average is $7.21 and its 200-day simple moving average is $7.86.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.50%. Gray Television’s 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.