Gray Television (NYSE:GTN.A) Sees Large Volume Increase

Shares of Gray Television, Inc. (NYSE:GTN.A) saw an uptick in trading volume on Wednesday . 1,340 shares traded hands during mid-day trading, a decline of 39% from the previous session’s volume of 2,181 shares.The stock last traded at $8.08 and had previously closed at $7.21.

Gray Television Stock Up 6.5 %

The stock has a market capitalization of $761.38 million, a P/E ratio of -60.08 and a beta of 1.32. The company’s 50-day moving average price is $8.57 and its 200 day moving average price is $8.05. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.63 and a current ratio of 1.63.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.09 EPS for the quarter. The firm had revenue of $826.00 million for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%.

Gray Television Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.17%. Gray Television’s payout ratio is -266.67%.

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.