Gray Television (NYSE:GTN.A) Trading Up 4.9% – Still a Buy?

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

Gray Television Trading Up 4.9 %

The firm has a market cap of $708.63 million, a P/E 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 firm has a fifty day moving average of $7.21 and a 200-day moving average of $7.86.

Gray Television Announces Dividend

The company also recently declared 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. This represents a $0.32 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Friday, December 13th. 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.