Gray Television (NYSE:GTN.A) Stock Price Up 4.9% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s stock price traded up 4.9% on Thursday . The company traded as high as $7.54 and last traded at $7.75. 215 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 7,289 shares. The stock had previously closed at $7.39.

Gray Television Stock Up 3.4 %

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’s 50-day simple moving average is $7.10 and its 200 day simple moving average is $7.65. The company has a market capitalization of $761.48 million, a PE ratio of 4.87 and a beta of 1.21.

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

Gray Television Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given 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 4.19%. Gray Television’s dividend payout ratio (DPR) 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.