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

Gray Television, Inc. (NYSE:GTN.A)’s stock price fell 9.4% during trading on Wednesday . The company traded as low as $6.73 and last traded at $6.97. 2,530 shares traded hands during trading, a decline of 61% from the average session volume of 6,570 shares. The stock had previously closed at $7.69.

Gray Television Stock Down 4.6 %

The stock’s fifty day moving average is $7.32 and its 200 day moving average is $7.97. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $731.56 million, a P/E ratio of 5.13 and a beta of 1.22.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 4.36%. Gray Television’s dividend payout ratio (DPR) 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.