Gray Television (NYSE:GTN.A) Sees Strong Trading Volume – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A) shares saw unusually-strong trading volume on Tuesday . Approximately 8,071 shares traded hands during trading, an increase of 0% from the previous session’s volume of 8,062 shares.The stock last traded at $8.25 and had previously closed at $8.55.

Gray Television Trading Down 3.4 %

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 firm has a market capitalization of $830.11 million, a PE ratio of 5.45 and a beta of 1.24. The business has a 50 day moving average price of $7.04 and a 200-day moving average price of $7.18.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.59 EPS 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 $1.05 billion during the quarter.

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.91%. Gray Television’s dividend payout ratio (DPR) is 9.61%.

About Gray Television

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.