Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) shares saw unusually-high trading volume on Tuesday . Approximately 8,282 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 7,322 shares.The stock last traded at $7.19 and had previously closed at $7.14.

Gray Television Trading Up 1.8 %

The stock has a market cap of $724.58 million, a PE ratio of 4.85 and a beta of 1.22. The company’s fifty day moving average is $7.22 and its 200-day moving average is $7.89. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.40%. Gray Television’s dividend payout ratio (DPR) is presently 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.