Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Gray Television, Inc. (NYSE:GTN.A) saw unusually-strong trading volume on Tuesday . Approximately 7,935 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 5,879 shares.The stock last traded at $6.90 and had previously closed at $6.88.

Gray Television Stock Up 0.3 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The company’s 50 day moving average price is $7.32 and its two-hundred day moving average price is $8.02. The stock has a market cap of $687.72 million, a P/E ratio of 4.60 and a beta of 1.22.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s payout ratio 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.