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

Shares of Gray Television, Inc. (NYSE:GTN.A) saw unusually-strong trading volume on Friday . Approximately 9,139 shares traded hands during trading, an increase of 132% from the previous session’s volume of 3,946 shares.The stock last traded at $7.53 and had previously closed at $6.88.

Gray Television Price Performance

The firm has a market cap of $834.24 million, a P/E ratio of 4.59 and a beta of 1.29. The business’s fifty day simple moving average is $7.40 and its 200-day simple moving average is $8.09. The company has a current ratio of 1.13, a quick ratio of 1.63 and a debt-to-equity ratio of 2.76.

Gray Television Announces Dividend

The firm also recently declared 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 of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 3.82%. Gray Television’s payout ratio is currently 21.33%.

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.