Gray Television (NYSE:GTN.A) Trading 5.2% Higher – Here’s Why

Gray Television, Inc. (NYSE:GTN.AGet Free Report)’s share price traded up 5.2% during mid-day trading on Thursday . The company traded as high as $6.32 and last traded at $6.54. 103 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 7,951 shares. The stock had previously closed at $6.21.

Gray Television Stock Up 7.4 %

The stock has a 50 day moving average of $7.02 and a 200-day moving average of $7.20. The firm has a market capitalization of $688.46 million, a P/E ratio of 4.52 and a beta of 1.24. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

Gray Television (NYSE:GTN.AGet Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The business had revenue of $1.05 billion for the quarter.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television’s dividend payout ratio is presently 9.61%.

Gray Television Company Profile

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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.

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