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

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.10, but opened at $7.58. Gray Television shares last traded at $7.51, with a volume of 623 shares.

Gray Television Price Performance

The firm has a market capitalization of $727.59 million, a P/E ratio of 4.87 and a beta of 1.21. The company has a fifty day moving average of $7.10 and a 200 day moving average of $7.64. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television (NYSE:GTN.A) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.86 EPS for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The company had revenue of $950.00 million for the quarter.

Gray Television Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.38%. Gray Television’s payout ratio is currently 21.33%.

About Gray Television

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.